December 17 Market Analysis: Interpretation of Bitcoin and Ethereum Trends
Bitcoin has recently rebounded, mainly due to employment data being lower than previous values, and the market's expectation for an interest rate cut in January next year has strengthened. The price is currently testing resistance areas and entering a slight consolidation; the next focus should be on whether it can stabilize above $88,000. Short-term short positions can continue to be held for observation.
Ethereum is still oscillating within a central range, and compared to Bitcoin, its downside potential is relatively limited. The current small-scale structure has not yet become completely clear, so it is recommended to patiently wait for the price to retrace near the daily lower track before considering gradually positioning long positions.
Overall, the market is significantly driven by macro expectations, so please remain cautious and respond flexibly to market changes. @俊哥说趋势
