12.8 Market Analysis: Bitcoin Pullback Confirmed, Short-term Outlook for Rebound

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4 days ago

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BTC: After several waves of market fluctuations over the weekend, Bitcoin is currently stabilizing above the 90,000 position. The long positions entered earlier are still being held, and the current movement is a rebound targeting the 84,000 position. The upward trend has not completely ended; as long as it does not fall below the 89,000 position, it is highly likely to test the resistance at 94,500-96,000. Additionally, there is a Federal Reserve FOMC meeting at 3 AM this Thursday, and a rate cut is highly probable, so maintain a bullish outlook.

ETH: It was previously emphasized that as long as it does not fall below the 2,950 position, the market will continue to rebound. It is currently testing the previous high at 3,200, and it is very likely to break through this level. Pay attention to the resistance at 3,280-3,300.

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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