December 16 BTC/ETH Market Analysis:

Yen carry trade tightening, could signal the next correction?

Last week, the Federal Reserve’s rate cut pushed prices up to 94,500 before beginning to retreat. The market did not break through this oscillation box under easing expectations. This week, under the influence of yen policy tightening, the panic index rose to 16, significantly increasing downside pressure, mainly driven by high leverage!

BTC
Today’s weekly chart closed with a hanging man candlestick, and the daily chart shows a large downward gap with a break below the middle support line at 8760, beginning a rebound. Currently, smaller timeframes show a head and shoulders pattern, with resistance at 9060-9150. As long as prices stabilize above these levels, the daily outlook remains bearish.

Range around 9020-9060 for a rebound, adding positions at 9150. Target is 8920-8760; if broken, look toward 8400.

ETH
Range around 3134-3156 for a rebound, with targets at 3057-3003. If broken, look toward 2900.

Short-term trading is flexible and changes dynamically. Defense depends on your own position and risk management! #美联储降息