12.2 Tuesday Morning Bitcoin and Ethereum Analysis

In the early morning market, when Lao Wang provided his analysis, the price fluctuated back and forth at a low level for a period of time. During Lao Wang's live broadcast, he guided everyone to make several short-term trades. After Lao Wang finished the broadcast, there was an immediate rebound to recover part of the decline from yesterday's drop of 8000 points. This caused some deviation from the operational suggestions given by Lao Wang in the early morning.

Following this, Lao Wang also shared his views on the market, noting that the overall bearish trend on the weekly chart remains unchanged. It is crucial to pay attention to any policy changes from the U.S. government that may effectively address the current economic issues, as well as statements from the Federal Reserve.

The rebound last week was mainly due to the second point, where expectations for a rate cut by the Federal Reserve in December heated up, combined with the technical analysis provided by Lao Wang earlier, indicating the timing of the third round of daily-level rebounds. All these factors contributed to the rebound last week.

Now that the Federal Reserve has basically confirmed the rate cut in December, coupled with the lack of action from the U.S. government, the high point of the third round of rebound has also been established. We will continue to maintain a bearish outlook for the subsequent market movements.

In the short term, the early morning market saw a rebound and recovery, and the morning has basically played out. We will continue to short; however, the operational strategy will be relatively conservative, and everyone should analyze the specific market conditions accordingly.

Operational Suggestions:

Short Bitcoin at 87000-87500, targeting 84500

Ethereum follows the trend of Bitcoin, short positions can be arranged around 2830, targeting 2700$BTC #王建波 #加密市场回调