12.10 Interest Rate Cut Strengthens, Market Bullish Sentiment Intensifies: Analysis and Trading Strategy for Bitcoin and Ethereum

Last night, Bitcoin surged violently due to market bets on the Federal Reserve's interest rate cut chances, with major players and institutions entering the market. After hitting resistance around 94,500, Bitcoin retraced. Currently, the daily chart shows a gap between the price and the MA5 moving average due to last night's surge, and it is expected to first retest support before starting another rebound. Indicators show strong bullish sentiment, with the MA5 and 10-day moving averages slightly rising, and the BOLL upper band beginning to open. If bullish volume increases from day to night, Bitcoin will likely test the key resistance level of 94,500-97,000 again.

On the 4-hour chart, the current price is near the MA5 moving average. The MACD and KDJ indicators are leaning towards bullish sentiment in the short term. Although there is a slight retracement in the hourly chart, the overall daily trend remains bullish. Key attention should be paid to the support levels at 91,500-90,500; if these levels hold, Bitcoin is expected to rebound again from night to early morning, testing the upper resistance levels. Therefore, for the daily trend, my personal view is to maintain a short-term swing strategy, focusing on low buying and high selling.

Trading Strategy: Buy at 91,500-91,000, Target: 93,000-94,500, Stop Loss: 90,500

Short positions can be considered at resistance levels.

Ethereum's short-term trend is basically in sync with Bitcoin. Last night, it surged to around 3,397 before facing resistance and retracing. Currently, the 4-hour MA5 moving average continues to rise, and the TD indicator has reached TD5, indicating strong bullish sentiment. Although there is a slight retracement on the hourly chart, the continuous rise of the BOLL and MA30 moving averages also boosts bullish confidence. It is expected that Ethereum will first retrace and then rebound again from night to early morning, testing the upper resistance levels. The current upper resistance is around 3,420-3,530, with short-term support at 3,280-3,230. Therefore, for the daily trend, my personal view is to maintain a short-term swing strategy, focusing on low buying and high selling.

Trading Strategy: Buy at 3,310-3,280, Target: 3,380-3,420, Stop Loss: 3,250

The current trend is expected to be sufficient, and I will continue to follow up.
This personal view is for reference only. There may be delays in article review and push notifications; market conditions change rapidly. Specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market. Analysis is not easy; your likes and follows on the public account are appreciated for surprises!

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