Follow the latest trends in the crypto market in real time, take advantage of the best trading opportunities. Today is Wednesday, December 11, 2024, and I am Wang Yi Bo! Good morning, cryptocurrency friends ☀ hardcore fan check-in 👍 like and succeed 🍗🍗🌹🌹

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The three major indexes fell overnight. The Dow Jones fell 0.35%, the Nasdaq fell 0.25%, and the S&P 500 fell 0.30%. It's the fourth consecutive day of decline. Microsoft shareholders voted against the proposal to invest in BTC. The price of BTC fell even further temporarily, reaching a minimum of 94265! The market is awaiting CPI inflation data, which will be released tonight (December 11, at 9:30 PM), to assess the prospects for Fed interest rate cuts.
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BTC did not boost long positions much at the beginning of the US stock market session, rising to a high of 98300 and encountering resistance. The coin's price also lost strength as it rose, and under the influence of news, the coin's price dropped sharply, reaching a low near 94200 in the current market data. In the short term, after the drop in the coin's price, the candles turned positive again and recovered most of the losses from last night, but still lacked strength. The pressure returned to the 98000 line from yesterday, where BTC attempted to recover, without success, and the price fell afterwards. However, the midnight retracement has not yet reached the expected depth. Previous brief recoveries have failed to form effective support, indicating that there is still some downward pressure in the market. It is predicted that the market will continue to explore the drop and possibly approach the previous support again. At this stage, the market may have some volatility around this support.
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Ether is showing weaker performance in the market data, the opening did not boost the uptrend much, and the retracement is much larger than that of BTC. The current low has already retreated to about 3512. The graphic indicators continue to emit bearish signals, and there is still demand for a possible market drop. In the short term, the key support is still around 3500, and the resistance has decreased to yesterday's downtrend line of 3750. Overall, the market data still shows a trend of weakness, whether it's a real void or a bear trap, only enter Recovery if not broken, but remember to manage the risks.