#美降息25个基点预期升温 #CPI数据 December 12, 2024, good morning brothers. Yesterday afternoon, before the CPI came out, the market rose to 9.7-9.8 and then consolidated. The announced CPI data met expectations. No change is the biggest positive. Yesterday, Microstrategy and US stocks also surged, and Nvidia rose back to around 140. Most altcoins rose by 10%-20%. The market broke through 100k, but was suppressed at the previous resistance level of 102k. Today, we will see if it can stabilize at 101.5k, which would mean there is a possibility of testing the previous high this week.
Currently, there is some profit-taking and selling in the Asian session in the K-line, and the market is slightly down. However, the upward trend has not been broken, and we should focus on the 98k level, which is a weak support. This is the first position to consider going long during the day. If it falls below 98k, it may enter a bearish trend.
🈲🈲🈲 Important reminder about the interest rate cut news on December 18, which is likely to drop from 4.75 to 4.5, also a positive, but there is still a week before this positive comes into effect, so be wary of manipulation by the market makers!!!!!!!
In addition, BTC is the most suitable cryptocurrency for contracts, with medium to low leverage contracts; in a bull market, do not blindly short. Don't fall into the logic of shorting every time there is an increase. Most of those trapped in the market are short positions. When going long, strictly control your position and set stop-losses; if you encounter sudden spikes, just take the loss.
As for spot trading, I do not recommend buying BTC, as the possibility of doubling is low. I personally hold 10% in BTC contracts, and the rest is in altcoin spot. Below are analyses of several held coins. This is my personal opinion; feel free to discuss in the comments.