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 bearish sentiment has been fully priced in, and the market may be experiencing a rebound from oversold conditions💹. However, a rebound does not mean a reversal. The rate hike policy is draining global capital, and its effects are not immediate. The meeting also mentioned: economic improvement will lead to further interest rate increases!

BTC
The early morning decline broke below the daily support level, initiating an oversold rebound. Currently, the small-scale rebound has not yet completed. The technical picture shows a divergence between volume and price, indicating a clear weakening of upward momentum and a volatile pattern. No need to chase without confirmation. If the daily chart does not stabilize above 89,000, any rebound should be considered 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 adjusted according to your own position and risk management!#GateLaunchpadKDK认购上线