Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Tuesday, December 17th, 2024. I am Wang Yibo! Good morning, friends ☀️ Hardcore fan check-in 👍 Like and make a fortune 🍗🍗🌹🌹

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Bitcoin hits another all-time high, aiming for $110,000: Ethereum breaks through $4,000, testing a high of $4,105. The market takes Trump's proposal to establish a national Bitcoin reserve seriously. The three major U.S. stock indices closed mixed overnight, with the Nasdaq rising 1.24% to hit a new high; the S&P 500 rose 0.39%, while the Dow fell 0.25%. Most large-cap tech stocks rose, with Tesla up over 6%, Google up over 3%, Intel and Amazon up over 2%, Apple up over 1%, Netflix and Meta slightly up; Nvidia fell over 1%, falling into a retracement zone at one point. Tesla, Google, and Amazon all hit new highs. According to CME's "Fed Watch," the probability of the Fed maintaining the current interest rate in December is 4.6%, with a cumulative 95.4% probability of a 25-basis-point rate cut. The probability of maintaining the current interest rate in January next year is 3.8%, with a cumulative 79.9% probability of a 25-basis-point rate cut, and a cumulative 16.3% probability of a 50-basis-point rate cut.
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Next, the focus is on the Fed interest rate announcement on Thursday the 19th and Fed Chairman Powell's speech! This is the third rate cut of the year, at 3:00 am on the 19th. It can only be said that whether the rate cut is good or bad is mixed. Bullish factors: increased liquidity, USD depreciation is bullish for the currency circle, safe-haven demand: as economic uncertainty increases, the currency circle becomes a safe-haven, bearish factors: increased market volatility, increased risk, possible strengthening of regulatory uncertainty, increased inflation, and impact on the currency circle.
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After Bitcoin hit a new high yesterday morning, it entered a period of oscillation and consolidation during the day. After experiencing a wave of short-selling operations, the downside support gradually increased. With the opening of the US stock market in the evening, the bullish energy was released again as expected, refreshing historical highs. Bitcoin once again broke through its all-time high with astonishing momentum. The highest point on the daily chart reached 107,774, and the overall trend became more apparent. The surge in the four-hour single candlestick highlights the unstoppable strength of the bullish side. Once it breaks through the resistance level, a surge in trading volume will naturally follow. The frenzy of the bulls not only meets expectations but is also an inevitable result driven by the trend structure. As mentioned earlier, in the current market situation, dips are buying opportunities, and if there are no pullbacks, short-term traders will continue to follow the bulls and look forward to higher points. The market surged directly during the day, and the future trend remains clear, with the main theme still being long and more followers.
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Ethereum staged a reversal drama again in the support range below 3880 in the evening session, breaking through the 4100 mark in one fell swoop. The market is steadily moving in the direction we predicted. Next, we will focus on higher targets, namely 4350-4500! At present, the coin price is stepping into a small-scale pullback and shock stage. Although there may be corrective retracements in the short term, it is not a reversal signal, but a necessary stage for longs to gather strength. The Bollinger Bands show a significant upward opening, and the lower support continues to move up, and the upward space is fully open. Currently, the upward pressure is small, there is no short-term sign of a top, and the upward potential is still huge. Therefore, it is recommended to maintain a low long strategy for subsequent operations.