Fundamentals Analysis December 13

The BTC price has returned to above 17,000. Starting from the positive line on November 30, it has been sideways for 13 trading days. This sideways movement after the rise is regarded as an upward relay, and the subsequent trend is likely to be upward.

The recent long orders are always almost caught, and they are pulled back after a slight drop and a horizontal move. There is no divergence, and there is no further decline. On the one hand, it shows that the bulls are strong, and on the other hand, the profit of such long orders that are not caught during small fluctuations will not be large. Not wrong is right.

The US will release CPI tonight, and the Fed will announce its interest rate decision in the early morning of the 15th, which will have an instant impact on the market. My views can be seen in yesterday's video analysis. In terms of operation, there is a sharp drop (satisfying the decline), and the spot will go first; if it goes sideways at the pressure level, it is necessary to wait for the 4-hour level to cross MA 250 before talking about it; if it goes high, don't chase the rise, if it can really stay sideways, there will be a chance to make up for the rise the next day.

Spot market analysis

BTC: Half of December has passed without us noticing, and there are only the last 4 games left in the World Cup. Funds are expected to flow back to the secondary market, and the third central axis of the daily line has more opportunities than risks. Short-term support level is 16600 ~ 16810, and short-term pressure level is 17330 ~ 17460.

ETH: During the 1-hour central axis oscillation, it does not seem to fall below, nor does it seem to break through. It will probably go sideways at the pressure level for a day before breaking through. The operation method is the same as above, and wait patiently for a good opportunity. The first support is 1229, and the second support is 1168.

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