Do not worry about having no confidants on the road ahead; there are like-minded people on the investment path. Good afternoon, friends! I am the Bitcoin King from the Bisshengtuan team, and I appreciate everyone coming here to watch the King's articles and videos. If this is helpful to you, feel free to like and share.

Market Review and Analysis of Bitcoin and Ethereum on December 19:

The Federal Reserve announced a 25 basis point rate cut in the early morning. Although this decision met market expectations, changes in the wording of the statement led to a reassessment of market sentiment. The FOMC's attitude showed more caution, with some members opposing further cuts, indicating ongoing vigilance regarding inflation. According to analysis from Coin Victory Group, the core logic of the market is subtly changing from expectations of rate cuts to a trend of a stronger dollar. Although the dot plot suggests two rate cuts may occur next year, the Fed’s hawkish tone has injected caution into the market, resulting in disappointed investor expectations, a surge in the dollar, and a corresponding decline in assets like stocks, Gold, and Bitcoin.

From the market's reaction, Powell's cautious wording seems to suggest that high interest rates will coexist with us for a longer period, causing sharp fluctuations in market sentiment and prices. Coin Victory Group noted that although Bitcoin and Ethereum have experienced multiple sharp declines, consuming a large amount of Bid, it will be challenging for the market to regain strength in the short term. Bitcoin is expected to rebound around 10,300, while Ethereum may rebound around 3,800. The weak performance of Ethereum has exceeded expectations, not only following Bitcoin down but even falling more sharply.

Coin Victory Group also observed that the altcoin market is seeing liquidity dispersed with the frequent launch of new projects, making it difficult to grasp market rhythm. Therefore, Coin Victory Group advises investors to remain patient, act as wise spectators, and wait for clear upward signals from the market. In the short term, the rebound momentum in Asia may be slightly stronger, especially before Christmas, with Block Orders mainly concentrated in the Asian market. Coin Victory Group will adjust its medium and long-term strategy based on market conditions.

Market recap:

In the midday/midnight article on December 19, we successfully analyzed and provided short-selling strategies for Bitcoin and Ethereum, with Bitcoin's Target Price at 10.5 and Ethereum's Target Price at 3,880. The market retreated as expected, with the short position rebounding to 10.5/3,900, achieving maximum profits of 6,500/460 points. Congratulations to those who followed the operation! Currently, the market's rebound strength is weak, and we will conduct further analysis.

Bitcoin (BTC) Analysis:

Bitcoin formed a large bearish candlestick in yesterday's daily chart, with the price breaking below the daily MA5/10 moving averages. It is currently testing the daily MA30 moving average and has temporarily held above it. For the short term, pay attention to the support at 9.86 and whether the price can return above the MA10 moving average.

Ethereum (ETH) Analysis:

The daily chart for Ethereum shows that yesterday it formed a solid green candlestick, with the price directly testing the daily MA30 moving average (3680) and breaking below it. Watch if the price can stabilize above 3680 during the day. In the 4-hour level, the support is at the MA256 moving average, around 3500.

Afternoon operational thoughts (written at 21:30):

BTC: It is suggested to take a light short position near 10.28/10.35, with a target below 10.1;

Consider taking a long position near 0.1 million/0.099 million, aiming for around 10.2.

ETH: It is suggested to take a light short position near 3750/3780, with a target of 3700;

Consider taking a long position near 3500/3620, aiming for 3750.

Medium to Long Term Trend:

Bitcoin has currently pulled back short-term to the MA30 moving average. Pay attention to the gains and losses at this level. Since the start of this round of increase, the daily MA30 moving average has not been broken, and the dominant trend is bullish before it is broken. Ethereum and Bitcoin remain in sync, watch whether the daily MA30 moving average of 3680 can stay above this level.