1. Short term rebound of BTC price
During BTC's short-term small rebound, the price reached 78.6% of the pressure level in Fibonacci, corresponding to more than $17246. This shows that in the process of continuous rebound, the price performance in the 4-hour K line chart is good, and the market is already in the process of rebound. In the absence of negative news, BTC is expected to continue this slight recovery until the price reaches the short-term pressure level. The typical daily K line level pressure is at a high of $25000, which is the reversal point prompted on August 15. In the case of regional shocks, 61.8% of the key Fibonacci accounts for US $28308, which is a pressure level that cannot be ignored.
2. Weak expectation of the Federal Reserve to raise interest rates
After the Federal Reserve raised interest rates by 0.75 percentage points again in November, the expectation that the Federal Reserve would continue to raise interest rates by a large margin has weakened. According to the "Fed Watch" tool of the Chicago Mercantile Exchange Group (CME), 79.4% of investors bet that they would raise interest rates by 50 basis points in December, while 20.6% of investors bet that the Fed would raise interest rates by 75 basis points in December. Judging from this, the expectation of the Federal Reserve to raise interest rates has begun to weaken. The intensity of interest rate increase was reduced, the expectation of depressing the financial market and BTC prices was reduced, and the stimulus to the rebound expectation was enhanced.
For positions, BTC and other mainstream currencies can be actively configured. Considering that it is still a long time before the Federal Reserve raises interest rates, we should not add too much money in our positions.
3. Strong ETH price performance
With the continuation of the rebound, ETH hit the pressure level of $1300, further away from the bottom area. From the current point of view, ETH is at a critical stage of bottoming success. From the perspective of growth, ETH has little short-term volatility, but the price is expected to recover. Therefore, we can pay attention to the duration and growth space of this rebound.
4. ETH financing interest rate rebounded
The financing interest rate of ETH rose slightly, which is different from the performance of the large drop of the financing interest rate in the early stage. In terms of value, the ETH financing interest rate remained positive for eight consecutive trading days from November 28 to December 5. Judging from the continuous rebound of financing interest rates, ETH may be on the way to rebound. The financing interest rate of ETH in September and November was as low as -0.199 and -0.06, but the price only experienced a short-term decline and then began to recover. Therefore, it is still the stage of buying ETH at a low price.
5. LTC's short-term strong recovery
With the continuous strengthening of the mainstream currency, LTC, as the leading currency, has been close to the Bollinger online track in the context of a price rise of more than 8%. From the current point of view, LTC has risen for three times. This is the third time that LTC has rebounded since it rebounded in November, and it is clear that it leads the rise. In terms of trading volume, LTC's current volume performance is the highest level since June, so the market will continue in the rising trend.
