December 12th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC remains in a consolidation phase, maintaining a healthy trend. The expectation of further gains from the interest rate cut is waning. Existing holders may consider setting trailing stop-loss orders to protect against unforeseen circumstances. The daily chart shows relative improvement; focus should be placed on fundamental factors. The weekly chart remains relatively healthy; awaiting stabilization and a potential upward move.
Bitcoin (2) is consolidating in tandem with BTC), maintaining a healthy trend and awaiting stabilization. The daily chart has returned to a healthy level, and after stabilization, it is expected to continue its upward movement.
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 points requirements are getting increasingly higher, so we've suspended point farming and will wait for the requirements to decrease before resuming. (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 89,500-90,000 and resistance at 93,000-94,000.
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 3100-3150 and resistance at 3300-3400.
