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December 19 BTC/ETH Analysis:
As the 25 basis point rate hike by the Federal Reserve took effect at 10 a.m., in line with market expectations, the price increased by 2.2%. This suggests that the market has largely priced in the rate hike, and the "excessive tightening leads to a reversal" 💹 sentiment. However, a market rebound does not necessarily mean a reversal. The rate hike policy is draining global capital and causing a flow back, and its impact is not immediate. During the meeting, it was mentioned: economic improvement will lead to further interest rate increases!
$BTC
In the early morning, a breakdown below the daily support level triggered an oversold rebound. Currently, the small-scale rebound has not yet completed. The technical picture shows a divergence between volume and price, clearly limiting upward momentum and creating a volatile pattern. No need to chase without confirmation. If the daily chart does not stabilize above 89,000, any rebound is a shorting opportunity.
Around the 8880-8930 range, with a target of breaking below 8670 to look at 8520-8440.
$ETH
Around the 2992-3016 range, with a target of breaking below 2906 to look at 2854-2772.
Short-term trading should be flexible and adaptable, with defense based on your own position and actual situation. #2025Gate年度账单 #ETH走势分析 #成长值抽奖赢金条和精美周边