The rate hike finally landed—the Federal Reserve's 25 basis point adjustment, but Bitcoin didn't give a satisfying response. The 98,000 level has still not been broken, and the dreams of 130,000 and 180,000 seem a bit more luxurious.



Many people in the circle are shouting bull market every day and showing high-multiplier orders, but in reality, following these trades often leads to pitfalls, and it's not uncommon to be liquidated within five days. To be honest, this wave of market movement hasn't delivered the expected gains.

However, from a technical perspective, the story of BTC is not yet over. There is an opportunity to go long if it retraces to around 90,000, and for the rebound, 94,000 is a key resistance level. As for Ethereum, I am choosing to stay on the sidelines with an empty position, at least not getting caught in a trap.
#美联储联邦公开市场委员会决议 $BTC $ZEC
BTC-0.4%
ETH-0.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
PhantomHuntervip
· 12-12 02:55
Even such a sharp rate cut can't move it. I think we have to wait for the technicals to truly recover before there's hope.
View OriginalReply0
SocialAnxietyStakervip
· 12-11 08:51
Even 98,000 can't be broken, what are you talking about? There's just no consensus. Brothers following the trend, don't rush to cry. This wave is indeed a market that tests people's resolve. Try entering long at 90,000 to test the waters; at least 94,000 still has some momentum.
View OriginalReply0
ProofOfNothingvip
· 12-11 08:49
Lowering interest rates is pointless; BTC still hasn't moved. This is outrageous. Followers are all just retail investors with a herd mentality. If you only feel good about chasing the high, then fine. If 98k can't be broken, don't get your hopes up for 130k. Stay grounded; a 90k bull market is more realistic. Ethereum should indeed take a break in this wave; don't get caught in a trap.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)