2024.12.11 Daytime Market Analysis

Bitcoin is relatively bearish, as there is a need to prepare the annual consortium report, with background support. Tonight's CPI data is relatively negative (which can determine the interest rate decision, from the data perspective, it is bearish for the crypto market). Bearish sentiment sees pin bars; Bitcoin's pin bar before the interest rate can set up for long positions at that time.

On that day: Bitcoin's 4-hour chart is contracting, watching the fluctuations slowly rise and then fall. Tonight's bearish pin bar, it will return to around 97800 for consolidation. There is no pattern for single trades on that day, except for Bitcoin's rise and consolidation, while others look bearish on their rise.

Spot Market: The inscription market is relatively bearish in the short term; profits have all exited, and even slight stop losses have exited.

Resistance Levels: 3680, 3780, 98300, 99800

Support Levels: 3440, 3350, 94900, 92800

Ethereum on that day: Looking for a bearish rebound, 4-hour volume decreasing. Try not to take long positions on Ethereum; strong support is needed to consider. Not looking to go long on Ethereum; the 30-minute wave is in a downtrend. ① Pin bars make divergences near 3510 for a bullish rebound, ② 3680, 3660, 3730 for shorts, take profit at 3510, 3420, 3450.

③ 3420, 3450 for the first phase long positions, take profit at 3680. Do not place orders, wait for divergence and bottoming entry, with stop loss at real market points.

④ Limit orders: Observe head positions at 3350, staggered orders at 3300, 3280 for pin bars to take long positions, take profit between 100 to 150 dollars, take profit at 3500, 3700 (order position 1%--2%---3%).

Bitcoin on that day: Reference exit points for bottom long positions are also short positions. ① 97800, 98000 observe for pressure shorts, take profit at 96500, 94900, do not place orders (try not to touch short orders for Bitcoin, do not place orders).

② 94000, 93500 for long positions, long positions can pattern around 97800, 98500.

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