Discuss today's market situation on 12.19 $ETH
The market is currently undergoing a crucial psychological battle. Even though there was a collective plunge in the early morning, with Ethereum briefly dropping below 2800, a dramatic reversal occurred during the yen interest rate hike. This intense fluctuation exposes the contradictions in the market:
On one hand, there is an increased expectation of interest rate cuts by the Federal Reserve and a liquidity easing environment supporting risk assets.
On the other hand, concerns about the economic outlook limit further upward potential.
Currently, global financial markets are in a tense state, with the dollar index hovering around 98.5. Any slight signal could trigger market volatility (the next announcement is PCE). This calm is a precursor to the coming storm.
Long Ge's perspective remains unchanged, focusing on short positions. There is strong resistance at 3000, and the upward potential is limited. Although the expectations for a yen interest rate hike have been fully digested, the market lacks volume, which is key!
For those without direction or confused about key levels, you can follow Long Ge to participate in mainstream moves! @龙哥的翻仓计划
