December 13 Crypto Market Notes: CPI Sets Direction, Focus on Two Key Levels

On December 13, the market fell into a "quiet market" with Bitcoin oscillating around $90,300, while Ethereum weakened and dipped to $3,040, with the $3,000 level in jeopardy.

The current market sentiment index is 29 (fear zone), retail investors are holding their breath waiting for the CPI data tonight at 21:30, while institutions are quietly accumulating — Bitcoin ETF net inflows this month reached a 7-week high, totaling over $1.36 billion, providing support for the medium to long-term market.

Tonight's CPI data is a short-term trigger point, with the market expecting a year-on-year increase of 3.1%; a deviation of 0.1% could trigger significant volatility.

If it falls below expectations, Bitcoin is likely to challenge the $93,000-$94,000 resistance zone; if it exceeds expectations, it may retest the $88,500-$89,000 support, and Ethereum might test the $3,000 level or even the $2,900-$2,950 area.

From a technical perspective, Bitcoin's 4-hour chart shows a contracting triangle pattern, with upper and lower bounds at $93,500 and $89,000, respectively, on the eve of a directional choice; Ethereum's trend is weaker, with $3,150 support already broken, leaning bearish in the short term.

In terms of operations, the position before the CPI should be ≤30%; range traders can lightly test long positions between $89,000-$89,300 (stop loss at $88,500), and reduce positions on a rebound to $93,000-$93,500; those without positions should refrain from impulsive trades.

After the CPI, a breakout above $93,500 could retest $92,000 for long positions, targeting $94,500-$95,000; breaking below $89,000 could lead to a short rebound to $90,000, targeting $87,500.

Reminder: High leverage poses significant risks; in the past 24 hours, a total of $532 million was liquidated across the network; Ethereum's short-term technical issues remain unresolved, and bottom fishing should wait for right-side signals.

In the medium to long term, the logic of Fed rate cuts and regulatory improvements remains unchanged, and declines are still investment opportunities. Key focus on Bitcoin's $89,000 support, $93,500 resistance, and Ethereum's $3,000 level, and act decisively after breaking through. #加密市场观察 #美联储FOMC会议 #美SEC推动加密创新监管