On the evening of December 18, Bitcoin/Ethereum analysis showed a negative rebound and continued upward recovery.
Adjustments are difficult to change the final upward trend. Bitcoin has rebounded 1,600 points from more than 103,700 points during the day, and Ethereum has rebounded 70 points from more than 3,820 points simultaneously!
The highest price of Bitcoin reached around 108,300 US dollars, and the lowest price was around 103,300 US dollars. In the short term, Bitcoin is currently in a relatively stable upward trend after experiencing large fluctuations in the early stage. From the current market, the price of the currency is fluctuating upward, the Bollinger Bands are fluctuating upward as a whole, the MACD is bullish, and the KDJ three lines cross upward, indicating that the bullish energy is continuing. In terms of operation, you can just pull back and do more.
In the past two days, with the further correction of Bitcoin, the overall rhythm trend is obviously weak, and the rebound does not have a strong recovery continuity, and the short orders arranged are also soft!
At this stage, the price correction is blocked and there are obvious signs of a positive recovery. At present, the short-term rhythm of Bitcoin remains to repair and rise, and there is a high probability that it will still go to around 106,000 to test!
At 3 a.m., the Federal Reserve's interest rate decision was announced. The expected rate cut was 25 basis points. The previous value was 4.75%, and the current expected rate cut was 4.5%. The market has basically reached a consensus, and reaching the expectation will not have much impact on the market!
When the overall trend has not changed, and the callback amplitude is sufficient, it is time for us to take action. The bull market is still long, don't rush for success, the market always goes up and down, and it is difficult to execute, but often the more difficult thing is patience.
Operation suggestions for Wednesday afternoon (writing time 21:30)
BTC: more around 104500, target 106500
ETH: synchronize
The above is a personal intraday market analysis
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