Track the real-time hotspots in the currency circle, grasp the best trading opportunities. Today is Wednesday, December 11, 2024. I am Wang Yibo! Good morning, crypto friends☀️ hardcore fan check-in👍 like and make a fortune 🍗🍗🌹🌹

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Overnight, the three major indexes all fell collectively, with the Dow Jones falling 0.35%, the Nasdaq falling 0.25%, and the S&P 500 falling 0.30%. This is the fourth consecutive trading day of decline. Microsoft shareholders voted against the BTC investment proposal on Tuesday. The BTC temporarily fell again, reaching a low of 94265! The market is waiting for the CPI inflation data to be released tonight (December 11, 21:30) to judge the prospects of a Fed interest rate cut.
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BTC did not push long positions to pump much when the U.S. stock market opened in the evening, and the highest rise was blocked at 98300. The coin price also showed weakness as it rose, and affected by the news, the coin price plummeted, and the lowest market data has continued to decline to around 94200. In the short term, after the coin price stopped falling, the candlestick chart continued to rise, basically recovering most of the decline from last night, but the strength is still somewhat lacking. The pressure is back to around 98000 from yesterday. BTC attempted a rebound at this level last night, but failed, and the price subsequently fell. However, the pullback in the midnight has not reached the expected depth. The previous brief rebounds failed to form effective bottom support, indicating that there is still some downward pressure in the market. It is expected that the market will continue to probe down and may once again approach the previous support level. At this stage, the market may oscillate around this support level to a certain extent.
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The ETH market data performed more weakly, and the opening did not push the market up too much. From the strength of the pullback, it was much larger than that of BTC. The lowest price of the current market has fallen back to around 3512. The attached chart indicators continue to emit a downward signal, and there is still a demand for further downward trend. In the short term, the key support is still around 3500, and the resistance level has moved down to the 3750 mark where the market opened lower yesterday. The overall market data still presents a weak trend, whether it is a vacuum or a bear trap, it's better to intervene decisively if Rebound does not break, but be sure to do good risk control.