**December 11 Cryptocurrency Market Review**



The surge at 4 a.m. came unexpectedly. The suggested rebound long around 92,600 nearly hit the target of 94,500—just a few dollars off. As it approached the resistance level, it naturally turned short, but this morning it has already retraced four thousand points, and the market has returned to a tug-of-war zone between bulls and bears.

Good news often signals the time to distribute. Next week, the Japanese Central Bank's rate hike news is hanging over the market; in the short term, a sideways consolidation or a trap to induce longs followed by a sharp drop is highly probable. This trend may continue until around the 19th. **The trading strategy is clear: short on rallies.**

**Current BTC Situation:**
Intraday resistance is at 91,000-91,800. If it cannot break through these two levels, the bullish structure is considered broken. Support levels are at 87,700 and 86,500. Unless there is a strong breakout above 91,800 and a solid hold, don’t expect to reach 94,000.

**ETH Pattern Has Changed:**
Four-hour support has been broken, but the daily bullish structure is still holding. The key support is at 3,100; holding this line is necessary for a rebound. Resistance is at 3,250-3,300; if it cannot break through, expect continued consolidation.

**SOL Dropped Too Hard:**
It broke through 130 directly. Now watch whether it can hold in the 125-123 range. If a deep V-shaped bottom appears at this level, a rebound can be gambled on. The overhead resistance is at 133-135; if it cannot break through, the weakness continues.

**BNB Also Can't Hold:**
Daily support was lost, with the next support at 820-810. If it dips into this zone, consider taking a position. Resistance on the rebound is at 880-890; the same logic applies—if it cannot break, the weakness persists.

*The above is only a personal review note. Please manage your own trades and control your position sizes.*
BTC-1.02%
ETH-0.48%
SOL-1.09%
BNB0.08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ConsensusDissentervip
· 12-13 08:16
At 4 a.m., precisely at 94,500, woke up to a 4,000 rebound... The market rhythm is really testing patience. Just short on rallies, don’t overthink it. If 87,700 doesn’t hold, it’s really time to run. If the 3,100 level breaks, ETH might continue to grind lower. SOL’s recent drop was pretty sharp, if 125 can hold, take a chance on a rebound. The Bank of Japan’s rate hike is hanging over us; short-term, it’s better to stay sideways. Reduce your position size first, don’t fight the market.
View OriginalReply0
SnapshotDayLaborervip
· 12-11 06:54
In the early morning, the wave didn't understand, so it was washed out of the brothers
View OriginalReply0
ShitcoinConnoisseurvip
· 12-11 06:53
That early morning wave was truly amazing, but why did it turn into a slaughterhouse when I woke up?
View OriginalReply0
SmartContractRebelvip
· 12-11 06:51
The wave at four in the morning was really incredible, woke up and people are stunned --- Going short on rallies, it depends on whether the Bank of Japan will be supportive or not --- 91800 can't hold, the bulls are really going to be scrapped, don't cry about it then --- ETH staying above 3100 has a chance, if it breaks below, just keep lying flat --- SOL's sharp decline is too brutal, should I gamble on a deep V? Maybe not --- Can BNB be bought at 810? I doubt it, no one will come out with good results in this round --- It's another sideways consolidation, another fake-out then drop, I'm really tired of listening to it --- Precision is off by just a few dollars, and you still have the nerve to call it accurate, haha --- Will this trend last until the 19th? We might have to change our tune by then --- The tug-of-war between bulls and bears is just going to continue, no one should expect to come out on top
View OriginalReply0
ClassicDumpstervip
· 12-11 06:50
That wave of operation early in the morning was still accurate, just couldn't withstand the dump and sell-off. Damn, it really was a perfect trap to lure buyers in. The Bank of Japan is going to stir things up next week. This week is definitely sideways and frustrating. I also plan to short on rallies; I'm optimistic about the move on the 19th.
View OriginalReply0
StableGeniusvip
· 12-11 06:40
nah, the "almost precise to the mark" thing always cracks me up — literally off by thousands and acting like it's some masterclass execution, empirically speaking that's just... luck dressed up as analysis, tbh
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)