December 15th Bitcoin and Ethereum Market Analysis: Key Points for BTC and ETH Today
Market Review
BTC saw a slight pullback yesterday, but the overall trend remains healthy. The expectation of further gains from the interest rate cut is waning. Existing holders may consider setting a trailing stop-loss order to protect against unforeseen circumstances. The daily chart shows relative improvement; pay attention to fundamental factors. The weekly chart remains healthy; await stabilization and a subsequent upward move.
Bitcoin (2) followed BTC) pullback, breaking its upward channel. Watch for a potential breakout above this level; if it fails to break through effectively, wait for consolidation to determine the direction. The daily chart has recovered to a healthy level.
Altcoins are consolidating along with mainstream sectors, but overall liquidity remains poor. We'll wait for altcoins to stabilize before making any moves. Alpha activity's point requirements are getting increasingly higher, so we've paused point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 88,000-89,000 and resistance at 90,500-91,500.
ETH has returned to a healthy range on both the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 3000-3050 and resistance at 3170-3250.
Market Review
BTC saw a slight pullback yesterday, but the overall trend remains healthy. The expectation of further gains from the interest rate cut is waning. Existing holders may consider setting a trailing stop-loss order to protect against unforeseen circumstances. The daily chart shows relative improvement; pay attention to fundamental factors. The weekly chart remains healthy; await stabilization and a subsequent upward move.
Bitcoin (2) followed BTC) pullback, breaking its upward channel. Watch for a potential breakout above this level; if it fails to break through effectively, wait for consolidation to determine the direction. The daily chart has recovered to a healthy level.
Altcoins are consolidating along with mainstream sectors, but overall liquidity remains poor. We'll wait for altcoins to stabilize before making any moves. Alpha activity's point requirements are getting increasingly higher, so we've paused point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 88,000-89,000 and resistance at 90,500-91,500.
ETH has returned to a healthy range on both the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 3000-3050 and resistance at 3170-3250.
