Track the latest news in the cryptocurrency market in real time and take advantage of the best trading opportunities. Today is Saturday, December 14, 2024. I am Wang Yibo! Good morning to all users. Let's start the day with activation, appreciation, and great prosperity.

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U.S. stocks recorded mixed gains and losses at the close of trading, with the Dow Jones index falling by 0.20%, while the Nasdaq index rose by 0.12%, and the S&P 500 index remained stable. The cryptocurrency markets are stable, showing periodic movements in sectors, with the price of Bitcoin remaining above $100,000, and the price of Ethereum currently at $3900. The market may enter a short correction phase at the end of the week, with the potential for slight adjustments at higher levels or a deep correction at the bottom. Everything depends on the overall market movement. In the short term, especially at the end of the week on Saturday and Sunday, we should pay particular attention to the downward movement!
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After Bitcoin reached 99149 in the early morning, it found itself in a state of rebound and fluctuating rise, and the daily movement was relatively slow. In the evening, after a slight retreat, it rose again. So far, it has reached the highest level at 101768. In the past few days, the market has been fluctuating around the level of 100000, and it has slowly started to form a range of fluctuation, and the buying and selling forces have been moving continuously. From the current market analysis, it seems that the price of Bitcoin is being corrected at a high level, and at the moment, it seems that 102000 is the main resistance level, and it is difficult for Bitcoin to effectively surpass it in the short term. If the price of Bitcoin fails to break the level of 102000 in the near future, it is likely to continue to decline, and this is the current trend. In the evening, the market tried several times to break through this level, but soon retreated. However, afterwards, the buying forces were able to return again, indicating that the buying power is still strong, and the expected resistance level breakthrough will occur at any time. Through several declines to the support level in the short-term hour period, the price received effective support and did not succeed in falling, which increases the buying atmosphere in the market even more. In operation, the strategy of buying a little must continue.
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After the rebound of Ethereum in the early morning from the lowest level at 3835, it is moving volatilely upwards, and started to decline from the highest level at 3964 in the middle of the night, reaching the current lowest level at 3877. Over the four-hour period, the currency price remains temporarily above the median channel, and after a decrease in trading volume over the four-hour period, its structure remains temporarily weak. Whether Saturday and Sunday are able to break through the highest point in the short term is crucial for the continuation of the space, and if not, the volatility and decline will continue. Currently, short-term withdrawals are being reduced variably, and it is expected that support will be confirmed after the initial exposure, then the possibility of an increase. Therefore, it is preferable for individuals in the short term to rely on the rebound to buy as a basis, and since it is the end of the week, it is expected that the trading volume will be weak, so it is advisable for individuals to trade in small sizes currently, and to reduce the entry size each time, and market entry will be a little more stable gradually!