Bitcoin thoughts and views
The market has been continuously breaking upwards these past two days, with Bitcoin rebounding over 10,000 points from the bottom, and Ethereum rebounding around 500 points. The strength of this rebound is quite considerable. From external factors, the US has ended its QT policy, Ethereum has upgraded, and institutions are continuously intervening and purchasing. The positive external factors are ongoing, and in the long run, these positive factors will continuously affect the market trend, making it difficult to see continuous deep declines.
The Federal Reserve's meeting at 3 AM on December 11 is also very likely to result in a rate cut. So, I personally believe that in the short term, we are looking at a trend of oscillation and corrective adjustment. Therefore, today's support level for Bitcoin should be around 91,000, with a resistance level around 95,000. Ethereum's support level is around 3,170, and the resistance level is around 3,330. Every correction is for a better upward sprint!
