NVIDIA evaporated 640 billion in one day, with a total market value loss of one trillion over two consecutive days. On July 15, NVIDIA was reported to be facing antitrust charges in France, with fines potentially reaching 6.09 billion USD. On August 5, the U.S. Department of Justice focused on NVIDIA, launching an antitrust investigation into its acquisition of an AI startup. On December 7, EU regulators investigated NVIDIA's hardware bundling while reviewing the Run:ai acquisition case. On December 9, China initiated an antitrust investigation against NVIDIA, with North America, Europe, and East Asia concentrating on antitrust actions. Attention should be paid to the impact on the AI sector.
U.S. stocks collectively retreated, with all three major indices declining. The S&P 500 index fell by 0.30%, the Dow Jones dropped by 0.35%, marking the fourth consecutive trading day of decline. After reaching an intraday all-time high, the Nasdaq fell. In the cryptocurrency sector, MicroStrategy rose by 3.3% due to market speculation that it might be included in the Nasdaq 100 index, while Coinbase fell by 2.61%.
The evening CPI data is likely to be favorable, which may accelerate a market rebound. The data serves financial services, and finance serves politics.
Bitcoin
Bitcoin's 4-hour chart shows a temporary effective rebound after a double test. This aligns with the viewpoint raised on the 9th, where Bitcoin, Ethereum, and some altcoins have all seen bottom-fishing. The 1-hour downtrend line has been broken, with a rebound looking towards the 101,898 resistance or near the previous high.
This wave of rebound still has the potential to create new highs before a drop, which will require attention.
Support:
Resistance:
Ethereum
After Ethereum reached a high of 4087, it formed a evening star pattern. There is short-term resistance near the previous high, but the MA20 still provides support. First, observe the rebound at this line; if it cannot create a new high, then a reduction in positions is necessary. If it breaks through, there is still room for growth.
The 4-hour uptrend has broken, with a pullback to the 4093 to 3977 resistance line area for support. First, observe the strength of the rebound.
Support:
Resistance:
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This article is time-sensitive and for reference only, with real-time updates.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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