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December 19 Bitcoin and Ethereum Market Review and Analysis:

The Federal Reserve announced a 25 basis point rate cut in the early morning. Although this decision met market expectations, the change in wording in the statement prompted a reassessment of market sentiment. The FOMC's attitude shows more caution, with some members opposing further rate cuts, indicating ongoing vigilance regarding inflation. The Coin Victory Group analyzes that the core logic of the market is undergoing subtle changes, shifting from past expectations of rate cuts to a trend of a stronger dollar. Although the dot plot suggests two possible rate cuts next year, the Fed's hawkish tone has given the market a precautionary warning, leading to disappointed investor expectations, a surge in the dollar, and declines in assets such as U.S. stocks, gold, and Bitcoin.

From the market's reaction, Powell's cautious remarks seem to indicate that high interest rates will coexist with us for a longer time, resulting in significant fluctuations in market sentiment and prices. The Coin Victory Group points out that despite Bitcoin and Ethereum experiencing multiple sharp declines, consuming a large amount of buying power, it will be very difficult for the market to regain strength in the short term. Bitcoin is expected to rebound around 10,300, while Ethereum may rebound around 3,800. Ethereum's weak performance exceeded expectations, not only following Bitcoin's decline but even falling more sharply.

The Coin Victory Group also observed that in the context of frequent new project launches in the altcoin market, liquidity is dispersed, making it difficult to grasp the market rhythm. Therefore, the Coin Victory Group advises investors to remain patient, be wise observers, and wait for the market to provide clear signals for an upward trend. In the short term, the rebound momentum in the Asian market may be slightly stronger, especially before Christmas, as major funds are primarily concentrated in the Asian market. The Coin Victory Group will adjust its medium to long-term layout strategy based on market conditions.

Market Review:

In the article published on December 19 during the afternoon/midnight, we successfully analyzed and provided short strategies for Bitcoin and Ethereum, with Bitcoin's target price at 10.5 and Ethereum's target price at 3,880. The market corrected as expected, with shorts rebounding to the 10.5/3,900 line, achieving maximum profits of 6,500/460 points. Congratulations to those who followed the operation! Currently, the market's rebound strength is weak, so let's analyze further.

Bitcoin (BTC) Analysis:

Bitcoin closed yesterday with a large bearish candlestick, directly breaking through the daily MA5/10 moving averages, currently retracing to the daily MA30 moving average and temporarily holding. In the short term, pay attention to the support at 9.86 and whether the price can regain a position above the MA10 moving average. The hourly chart shows that the price has broken below the MA256 moving average (10.15), and the short-term rebound to this line has not been able to regain a position, so watch for whether it can break and stabilize above this line.

Ethereum (ETH) Analysis:

The daily chart for Ethereum shows that yesterday it closed with a solid green candlestick, with the price directly probing down to the daily MA30 moving average (3,680) and breaking below it. Watch whether the price can stabilize above 3,680 during the day. On the 4-hour level, the support below is at the MA256 moving average, around the 3,500 line.

Afternoon Trading Strategy (Written at 21:30):

BTC: It is recommended to open a light short position around 10.28/10.35, targeting below 10.1;

For long positions, consider looking at 10.2 near 100,000/99,000.

ETH: It is recommended to open a light short position around 3,750/3,780, targeting 3,700;

For long positions, consider looking at 3,750 near 3,500/3,620.

Medium to Long-Term Trend:

Bitcoin is currently retracing to the MA30 moving average in the short term, so pay attention to the gains and losses at this line. Since this round of increases, the daily MA30 moving average has not been lost, and as long as it is not lost, the bullish trend remains dominant. Ethereum and Bitcoin are keeping in sync, so watch whether the daily MA30 moving average at 3,680 can be maintained above this level.

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This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. We will continue to monitor market dynamics and update analysis and trading strategies in a timely manner. Thank you for your attention and support. We mainly focus on contracts for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles, mobile lock-up strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend positions, daily extreme retracements, weekly K-top predictions, and monthly head predictions.

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