December 10th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC remained range-bound yesterday, maintaining a healthy trend. A slight increase occurred in the early morning, indicating a slight recovery in market sentiment. Existing holders can continue to hold and await a breakout. The fear index has returned to fear levels, and the daily chart is showing signs of improvement. Expectations for a December rate cut have returned, and further rate cuts are possible. Pay attention to fundamental developments. The weekly chart remains relatively healthy; await stabilization and a subsequent upward move.
Bitcoin (2) is rising in tandem with BTC), and its 4-hour chart is improving, with a golden cross forming above the pivot point, suggesting further upward potential. The daily chart has also recovered, and after stabilizing, it is expected to continue its upward trend.
Altcoins are consolidating along with mainstream sectors, but overall liquidity remains poor. We'll wait for altcoins to stabilize before making any moves. Alpha activity's point requirements are getting increasingly higher, so we've paused point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 91000-91500 and resistance at 94500-95500.
ETH has returned to a healthy range on both the 1-hour and 4-hour charts, and also on the daily chart. Intraday consolidation is expected, with support at 3150-3200 and resistance at 3400-3450.
