December 30 Daily Market Analysis

News
Yesterday, gold dropped up to 5% intraday, silver fell over 10% intraday, and funds are exiting the precious metals market. From this perspective, it is positive for US stocks and cryptocurrencies.
The probability of the Federal Reserve raising interest rates in January has already dropped to 16.1%, essentially confirming that there will be no rate cut in January. Fortunately, the market has already been digesting this expectation.

Price Action Analysis

The BTC long-term cycle still has not broken out of the box, having moved for more than ten days. The bulls and bears are currently in a relatively balanced state. From this perspective, the correction is already quite substantial, with no obvious signs of an upward or downward trend. However, it is very difficult to predict when the box will break.

Yesterday, US stocks closed lower across the board, so the fact that cryptocurrencies can still hold steadily at 86,500 is also a relatively strong performance.
As long as the overall cycle structure remains unchanged, trading should follow the original logic.

BTC Intraday Strategy: Long at 86,500, short near 90,500 $BTC

Ethereum showed a clear breakout yesterday but then fell back. ETH's volatility is relatively higher. From a long-term perspective, ETH may have a false breakout. There is no clear resistance level for shorting above, but shorting at higher levels is risky. Conversely, buying at lower levels, such as around 2,900, is still feasible. Based on its pattern, shorting is more difficult to time precisely.

ETH Intraday Strategy: Long at 2,900, short at 3,000/3,050 $ETH ‌#比特币与黄金战争 #ETH走势分析 #今日你看涨还是看跌？