December 26th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC remained range-bound yesterday, with a slight increase in volume in the morning. However, 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. The weekly chart still maintains a 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 markets, but overall liquidity remains poor. We'll wait for altcoins to stabilize before considering resuming. The Alpha event's point requirements are getting increasingly higher, so point farming has been paused. We'll wait for the point requirements to decrease before considering restarting.
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 87,000-88,000 and resistance at 89,500-90,000.
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.
