Why has ETH been looking weaker than BTC lately?
Post
--
Laraine Nuner CwGW
·
--
$BTC quarterly chart (3 months) supports 55,977 still on the long-term upward trend of the quarter with nothing yet, early buyers at the bottom are still profiting x6 (600%) throughout the cycle. The analysis is a bit of a headache. There is support with the news of a high unemployment rate of 4.6%, which benefits the Fed to consider further interest rate cuts next year.
- short-term benefit of a bit is max pain on December 26: exchanges (95-98-99) => (95+98+99)/3 = 97,300
Long-term risk: is the data just released showing that when the government shuts down, it could affect the actual situation leading to a hawkish Fed reconsidering. Dip down to 80-84k
Returning to gold is easier, BTC is a bit sensitive and gives headaches
as the admin reported the other day.
-NFP decreases => USD is more negative
-Q4 GDP weak due to government shutdown => USD weakens.
-Dot plot in 2026 cuts by 0.25% => USD will decrease
- the geopolitical situation is a bit tense
- the situation of weddings at the end of the year and the beginning of the year in Asian countries is increasing.
Therefore, gold is a bit hard to decrease. The chart shows a green w in the area of 4100-4200 as the main support. So in the short term, gold is bouncing back and expanding FOMO to test the peak or break the peak, the possibility of a deep decrease has not yet appeared.
Yesterday, the admin reported gold bouncing back, 1d today making a green candle.
The support area is quite good at 4280-4270; every retest has an upward trend. Only when it drops below 4250-4255 will gold show a bearish trend. Currently, 4330 is still far away.
- short-term benefit of a bit is max pain on December 26: exchanges (95-98-99) => (95+98+99)/3 = 97,300
Long-term risk: is the data just released showing that when the government shuts down, it could affect the actual situation leading to a hawkish Fed reconsidering. Dip down to 80-84k
Returning to gold is easier, BTC is a bit sensitive and gives headaches
as the admin reported the other day.
-NFP decreases => USD is more negative
-Q4 GDP weak due to government shutdown => USD weakens.
-Dot plot in 2026 cuts by 0.25% => USD will decrease
- the geopolitical situation is a bit tense
- the situation of weddings at the end of the year and the beginning of the year in Asian countries is increasing.
Therefore, gold is a bit hard to decrease. The chart shows a green w in the area of 4100-4200 as the main support. So in the short term, gold is bouncing back and expanding FOMO to test the peak or break the peak, the possibility of a deep decrease has not yet appeared.
Yesterday, the admin reported gold bouncing back, 1d today making a green candle.
The support area is quite good at 4280-4270; every retest has an upward trend. Only when it drops below 4250-4255 will gold show a bearish trend. Currently, 4330 is still far away.
