Crypto Warrior: Bitcoin short-term decline, the pullback is an opportunity to position long orders!

CN
1 day ago

Preface: Investment carries risks, and operations should be conducted with caution.

Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!

Article writing time: December 11, 14:58 Beijing time

Market Information

  1. The Federal Reserve's interest rate cut drives copper prices close to historical highs, with an increase of over 30% this year;
  2. The Hong Kong Securities Association discusses virtual asset regulation and the role of market makers with the Securities and Futures Commission;
  3. The net inflow of the U.S. spot Bitcoin ETF yesterday was $221.56 million;
  4. Trump criticizes the Federal Reserve for the small magnitude of interest rate cuts and will interview Kevin Warsh for the chair position;
  5. The probability of the Federal Reserve cutting rates by 25 basis points in January 2026 is 22.1%;
  6. Trump: The Federal Reserve's interest rates should be lowered to the lowest in the world;
  7. The Federal Reserve lowers the benchmark interest rate by 25 basis points to 3.50%-3.75%;

Market Review

At 3 AM today, the Federal Reserve's interest rate decision cut rates by 25 basis points, affecting Bitcoin, which initially rose and then fell, with a rebound high at 94444, followed by a rapid decline. As of now, the low point is at 89336, while Ethereum's rebound high is at 3446, and the low point is at 3166;

Market Analysis

Bitcoin

Yesterday, we mentioned that Bitcoin would have a short-term correction opportunity, with the correction range between 91400-90500. The news also has a certain impact on the market. After breaking below 90,000, it is currently running around 90200; from the daily chart, the upward channel has not been broken, and the 4-hour level has not shown a breakdown either. Although the decline is quick, it is a normal correction. As mentioned before, corrections are opportunities to go long. Those who positioned around 90500 should continue to hold, and long-term positions should also be maintained. Friends who are currently out of the market can directly position long around 90200, with a stop loss recommended at 88000, targeting first at 94000, and if broken, hold for 98000. Manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;

Ethereum

Yesterday, we mentioned that after breaking the 3170 resistance, it became support, and the correction layout for long positions is also here. Today's market low is at 3166, just right for us to get in. Those who have positioned should hold, and long-term positions should also continue to be held. From the daily perspective, the previous 3170 has served as both support and resistance with considerable strength. Now that it has broken through, it is not so easy to break down as support. Those who positioned at 3170 should continue to hold, and those who have not positioned can also directly enter around the current price of 3190, with a stop loss according to yesterday's idea at 3070, targeting around 3150. Manage your entry; for short-term trading, control risks and manage your own profits and losses;

In summary:

Both Bitcoin and Ethereum provide short-term correction opportunities; if not now, when?

The article is time-sensitive, be aware of risks, the above is only personal advice, for reference only!

Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;

In the crypto world, some people's demands can only be met by scammers. Everything cheap must be taken advantage of by oneself, and only scammers can satisfy these.

Trading is not always smooth; not every transaction goes as planned. That is just noise in the pursuit of profit. Compared to pursuing technical breakthroughs, I focus more on psychological development. Most people do not fail against themselves but against the self that confines them in a room. Even if life or trading is unsatisfactory, believe that there is light in the world and love among people. Even a small piece of happiness in life should be embraced with a smile. Only by overcoming oneself can the future market return unexpected surprises! Keep it up, crypto community.

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