Today is Christmas Eve. Although we don't celebrate this holiday, foreigners are celebrating the New Year. The trend is similar to my previous forecast with no significant fluctuations, showing a slow consolidation pattern. The peak at 90500 is still held, and yesterday's suggestion to buy above 8830 was successful. Just keep watching!
BTC Currently, the price has broken below the annual moving average. The market has fallen back from the middle of the daily line at 90500 under pressure. The small-scale rebound is very weak. This trend is likely to test the strong support at 8500. The intraday resistance for a rebound is at 8780. Only when the four-hour chart stabilizes above this level can there be a meaningful rebound. The market is volatile, and both opportunities and risks exist, but it’s important to understand the priorities—long-term and short-term.
Around the 8750-8880 range, the target is to break below 8660 and look towards 8520-8440.
ETH Yesterday, the target was 2970-2990. The early morning rebound was caught, with the lowest correction reaching 2920. The intraday resistance for a rebound is at 2965. If the four-hour chart cannot stabilize above this level, the market will continue to move sideways. Keep an eye on the 2800 level.
Around the 2953-2978 range, the target is to break below 2900 and look towards 2865-2800$BTC
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Today is Christmas Eve. Although we don't celebrate this holiday, foreigners are celebrating the New Year. The trend is similar to my previous forecast with no significant fluctuations, showing a slow consolidation pattern. The peak at 90500 is still held, and yesterday's suggestion to buy above 8830 was successful. Just keep watching!
BTC
Currently, the price has broken below the annual moving average. The market has fallen back from the middle of the daily line at 90500 under pressure. The small-scale rebound is very weak. This trend is likely to test the strong support at 8500. The intraday resistance for a rebound is at 8780. Only when the four-hour chart stabilizes above this level can there be a meaningful rebound. The market is volatile, and both opportunities and risks exist, but it’s important to understand the priorities—long-term and short-term.
Around the 8750-8880 range, the target is to break below 8660 and look towards 8520-8440.
ETH
Yesterday, the target was 2970-2990. The early morning rebound was caught, with the lowest correction reaching 2920. The intraday resistance for a rebound is at 2965. If the four-hour chart cannot stabilize above this level, the market will continue to move sideways. Keep an eye on the 2800 level.
Around the 2953-2978 range, the target is to break below 2900 and look towards 2865-2800$BTC