After two days of rollercoaster-like surges, the cryptocurrency market is completely trapped in a 'high-level game'. Mainstream coins are supported by positive news, but selling pressure is significant. Altcoins struggle to be independent, and the trend hinges entirely on key levels!
📈 BTC: 95,000 is the lifeline, oscillating to digest selling pressure.
After the BTC V-shaped reversal stabilized at 91,000, the daily MACD golden cross gained momentum, indicating that the short-term bottom is stabilizing. However, the pressure above is intense, with the MA30 moving average at 94,300 + the upper boundary of the 95,000 descending channel firmly holding back any upward movement without volume.
Keep a close watch on the psychological level of 90,000 below, with 88,000-89,000 as the support conversion zone; if broken, it could easily retrace to 85,000. The short-term strategy is to engage in range trading, with a small position for longs at 90,000-90,500, while a bounce at 93,000-93,500 is suitable for shorts—don’t chase the highs!
⚡ ETH: Upgrade + double bottom buff, 3,050 is the first hurdle.
ETH is more bullish than BTC, surging 11.6% in 24 hours back to 3,000, bolstered by the Fusaka upgrade and the double bottom formation. After the upgrade, Layer-2 transaction fees have dropped by 40%-60%, directly boosting the fundamentals.
In the short term, watch the pressure zone at 3,030-3,050; breaking through confirms the continuation of the rebound. Further up, there is dual resistance from the 20-day moving average and previous highs at 3,100-3,150. Support is at 2,930-2,960, with 2,850-2,880 being the short-term lifeline. As long as it's held, there’s playability; a pullback to the support zone offers better risk-reward for longs.
🚨 Altcoins: Don’t take the rebound seriously, warning of a pullback after a surge.
SOL, XRP, and other altcoins that previously plummeted are now warming up alongside mainstream coins, but they are merely 'catching a ride'. Capital still favors stable mainstream coins; risk-averse sentiment hasn’t fully receded, and there won’t be a significant influx into high-risk altcoins.
Moreover, most altcoins lack substantial positive news to support them; this rebound is simply a catch-up. If mainstream coins encounter resistance and pull back, altcoins are sure to dive first, especially those that were previously overhyped—absolutely don’t chase the highs!
🌍 Key Variable: Federal Reserve's interest rate meeting.
Market sentiment has turned optimistic, with only 7.5% of users worried about a winter in the crypto market, but the ultimate test will be the Federal Reserve’s FOMC meeting on December 10. A rate cut could fuel the market, but if they remain static, it will likely trigger a new round of adjustments.
$BTC #比特币预测