"Market Analysis for December 11: Establishing a Bottoming Range, Preparing for a Rebound Next Week"

Yesterday, driven by news sentiment, the three major cryptocurrencies all moved down from their pressure levels. Bitcoin's support was at 94,250, SOL at 141.7, and Ethereum at 3444. Since the top range has been established, the remaining time this week is for setting the bottom, and after the indicators are repaired next week, a rebound is expected to begin. Therefore, the task for the rest of this week is clear: a small cheat sheet for reference.

$BTC Bitcoin's support today is still at 88,700. The initial target for a pullback is 86,200-86,700, but the probability of reaching this level is relatively low. Most likely, at around 8.9 and 8.8, it will start consolidating in preparation for the rebound next week. Just keep some reserve for potential pullbacks. The short-term resistance is 92,500, which is the dividing line between bullish and bearish. Until it surpasses this level, the trend won't be very strong.

$SOL The support level given yesterday for SOL was around 129. Today, watch to see if it holds; if not, support is at 125.3. The short-term resistance is 137.7, and until it breaks this level, the market won't be very strong.

$ETH Ethereum's resistance at 3444 yesterday was very accurate, reaching a high of 3446. Today's resistance is at 3338. Until it surpasses this level, it's difficult for the market to strengthen. Pay attention to the support zone at 3130-3110, and watch for a pullback at 2940.

In summary, there are only about 2 days left in this week. After establishing the bottoming range here, it is expected that the indicators on the daily chart will be repaired next week, and a rebound will likely occur. So, the remaining task for this week is to make the most of the opportunities. Click to join the Chief's community (Follow the Chief for daily market analysis and precise pullback points. Long and short positions are for reference only, with strict stop-loss and take-profit rules). #美联储降息预测