December 25th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC remained range-bound yesterday, with no significant improvement in fundamentals, and the market remains predominantly bearish. On the daily chart, pay close attention to volume changes and await consolidation. Monitor fundamental developments. The weekly chart continues its downtrend, awaiting stabilization.
Bitcoin (2.5) is consolidating in tandem with BTC(1.5), awaiting further developments. Watch the resistance level between 2970 and 3020; short positions can be initiated at this level. On the daily chart, monitor volume; await further consolidation.
The altcoin market is consolidating in sync with mainstream trends, but overall liquidity remains poor. We'll wait for altcoins to stabilize before considering further action. Alpha activity points requirements are increasingly stringent, so we've suspended point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC is below the healthy range on both the 1-hour and 4-hour charts, and also below the healthy range on the daily chart. Consolidation is expected today, with support at 86,000-87,000 and resistance at 88,000-89,000.
ETH is below its healthy range on the 1-hour and 4-hour charts, and also below its healthy range on the daily chart. Consolidation is expected today, with support at 2850-2900 and resistance at 2970-3020.
