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12.17 Market Analysis: Bitcoin Stabilizes in the Short Term, Can the Rate Hike Downtrend Curse Be Broken?

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丁君羡
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3 months ago
AI summarizes in 5 seconds.

Click to view today's video analysis

BTC: Last night, along with some data benefits, the price of Bitcoin has been unable to stabilize above the 88,000 level, and the short-term trend has been relatively weak. The key pressure zone in the short term is around 89,000-90,000. If the daily line cannot stay above this level, coupled with the expectation of interest rate hikes in Japan on Friday, it is highly likely that the market will continue to test the support area below 85,000.

ETH: The rebound is relatively weak at the moment, still in a consolidation phase at the hourly K-level after a significant drop. The overall price has not shown a breakout trend, with the upper pressure zone still around 3,050-3,070. There is a small-level rebound, but the cost-effectiveness of chasing shorts at this position is not high.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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Selected Articles by 丁君羡

3 months ago
12.23 Market Analysis: Bitcoin's failure to break through ninety thousand - is it accumulation or distribution?
3 months ago
12.19 Market Analysis: Mild Interest Rate Hike Has Been Implemented, Bitcoin's Negative Factors Have Been Exhausted, Which Is Positive
3 months ago
12.18 Market Analysis: Bitcoin's Extreme Inducement to Long Positions and Waiting for CPI to Arrive
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