Track real-time hot spots in the currency circle, seize the best trading opportunities. Today is December 7, 2024, Saturday.! Good morning to all coin friends

Overnight, the US stock market closed with mixed performances, as the Dow fell by 0.28%, the Nasdaq rose by 0.81%, and the S&P 500 index increased by 0.25%, with the Nasdaq and S&P 500 hitting new closing highs. Tesla surged by over 5%, with Bank of America raising Tesla's 12-month target price to $400 and maintaining a buy rating, optimistic about its development in FSD and artificial intelligence. Bitcoin returned above $100,000, while Ether surged past $4,000, boosting encryption currency stocks. Recently, Ether's upward momentum has returned, surpassing Mastercard and Tencent in market capitalization, ranking 27th globally in terms of total asset market cap, which is incredible! This is mainly due to significant progress in its technology, particularly in scalability, user experience, and security improvements.
After Bitcoin surged above the 101979 level in the midnight market, it was under pressure and fell back. The hourly chart structure is consolidating. After a pin bar rebound, the low points have been continuously rising, and the current retracement is also quite weak. Therefore, we still treat this retracement as a corrective accumulation. After a series of upward movements, it seems that it has returned to a period of oscillation. However, it will enter a correction phase within a small cycle, and it is also the perfect time to buffer in terms of time and space over the weekend. Personally, I still expect the continuation of the repair, the recovery of the long position, and the bottom-building upward movement. The weak retracement accompanying it is the best sign of rhythm. This week, we may not see new highs, but we can expect a rise in the range of 101500-102500, with gradually increasing support on the downside. Currently, it has returned to the range of 97500-98500, where swing trading can be conducted, aiming for an upward continuation of 3000 points!
Ether rose to the level of 4092, first oscillating slowly and then rising. It contracted and then rebounded from the high. At the current time, it officially entered the weekend, and the market began to slow down. Recently, Ethereum has been oscillating and rising step by step, once again reaching a new high in the near term, breaking through the 4000 mark, and getting closer to the historical high. It is believed that breaking through the historical high is only a matter of time. The weekend market is slowing down, with short-term operations and opportunities for both long and short positions. Pay attention to the gains and losses of the key support level below, and the market is expected to continue to rise. Breaking through may deepen the probability of a pullback, and everything depends on the market at present.