"12.25 Market Analysis: Christmas Gift, Shock or Surprise?"

The recent market has remained relatively calm, with no significant movements overall, but market patience is almost exhausted. First, on the daily chart, you need to be clear that there is no continuous downward trend, so it is still in a consolidation range. Since the consolidation range has tested the bottom, it should also test the top, which is the upper band of the Bollinger Bands. Combining the moving average trends, the repeated top testing within this range will also coordinate with pushing the price to the MA50 and then pulling back, giving enough time for the moving averages to form a golden cross.

Therefore, the current daily chart indicates that a trend reversal is imminent. The upward expectation still exists, and the hope for bulls has not been completely shattered.

$BTC Currently, Bitcoin is facing resistance at 88,000 on the 1-hour chart. If the closing price later again stays above 88,000, a support-resistance switch may occur, potentially pushing the price up to the resistance levels of 89,100 and 90,100. If it drops directly, attention should be paid to the support levels at 85,800 and 83,600.

$SOL Sora has been mentioning the 121-120 support level for the past two days, which has rebounded. If it drops again to 120, consider going long at 118 or 115, as the support around 120 has already been tested once. The second time, it might go even lower to bother you more. The resistance at 126 is still not broken, making a strong upward move unlikely.

$ETH For Ethereum, support levels are still at 2835 and 2730. Watch the resistance at 3015-3020, with further upward pressure at 3150 if it moves higher.

In summary, the daily chart shows only a delay, but it is not yet time for a collapse. It is illogical to be overly bearish prematurely. The form of the next upward push is still unknown—whether it will be a direct rally or a quick rebound after a dip to gather liquidity. Only the market can tell. If you don’t understand the market or are unsure about the direction, you are welcome to join the Chief. Click to join the Chief community (Follow the Chief for daily market analysis and precise entry points, with long and short ideas for reference).