Will cryptocurrencies usher in a surge of liquidity?
Congress officially urges the SEC to approve cryptocurrencies for inclusion in 401K retirement plans. Successful approval will bring significant liquidity to the market! Yesterday, Bitcoin surged to a high of 93,500 with about 4,000 points of room. As for altcoins, they are a bit weak; whales with 550 million dollars can't move the market!
BTC Currently, the daily chart still shows a consolidation box pattern. On the hourly scale, volume has decreased and a pullback is needed. Watch for a pullback support at 9140 during the day. As long as the four-hour structure is not broken, the price may continue upward. If it falls below 9140 and cannot recover, consider right-side trading and look at the support levels at 9060-8920.
Around the 9140-9180 range, with a target of 9280-9350. Breakout upwards to 9450.
ETH Around the 3193-3216 range, with a target of 3264. Breakout upwards to 3330-3372.
Short-term trading is flexible; defense depends on your own position and actual situation! #美联储降息
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December 12 BTC/ETH Trend Analysis:
Will cryptocurrencies usher in a surge of liquidity?
Congress officially urges the SEC to approve cryptocurrencies for inclusion in 401K retirement plans. Successful approval will bring significant liquidity to the market! Yesterday, Bitcoin surged to a high of 93,500 with about 4,000 points of room. As for altcoins, they are a bit weak; whales with 550 million dollars can't move the market!
BTC
Currently, the daily chart still shows a consolidation box pattern. On the hourly scale, volume has decreased and a pullback is needed. Watch for a pullback support at 9140 during the day. As long as the four-hour structure is not broken, the price may continue upward. If it falls below 9140 and cannot recover, consider right-side trading and look at the support levels at 9060-8920.
Around the 9140-9180 range, with a target of 9280-9350. Breakout upwards to 9450.
ETH
Around the 3193-3216 range, with a target of 3264. Breakout upwards to 3330-3372.
Short-term trading is flexible; defense depends on your own position and actual situation! #美联储降息