December 23rd Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
Yesterday, BTC remained range-bound, attempting to break through the 90,000 resistance level but failing. The fundamentals showed no significant improvement, and the market remains predominantly bearish. On the daily chart, pay close attention to volume changes and await consolidation. Monitor the fundamental situation closely. The weekly chart still maintains a downtrend, awaiting stabilization.
Bitcoin (2) is consolidating in tandem with BTC ( 1), attempting to break through the 3050 resistance level but failing. It's currently awaiting further consolidation. A head and shoulders pattern has formed on the daily chart; watch for trading volume and wait for 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 has returned to a healthy range on the 1-hour and 4-hour charts, but is below that range on the daily chart. Consolidation is expected today, with support at 87000-87500 and resistance at 89500-90000.
ETH has returned to its healthy range on the 1-hour and 4-hour charts, but is below it on the daily chart. Consolidation is expected today, with support at 2900-2950 and resistance at 3050-3100.
