12.22

The Christmas market trend will begin this week. From historical experience, the Christmas market trend is not just a simple seasonal statistical phenomenon, but more like a barometer of market risk appetite. If the market can rise as expected from after Christmas to around New Year, it usually means that investors are still willing to allocate risk assets even in the absence of new macro stimulus, confirming risk appetite at the end of the year and laying the emotional foundation for asset pricing in the new year. Conversely, it often indicates that risk appetite has not recovered, making the market more likely to face weakness or repeated fluctuations in January and even longer periods.
BTC
According to our expectations, the Bitcoin price at 84700 has not broken down and is gradually oscillating to the right. From the current market situation, this position appears to be a phase bottom, so we need to pay attention to whether there can be a sustained series of small upward candles on the four-hour level, which would drive the strength across various cycles and simultaneously break through the important resistance at the daily level of 93900. Therefore, to summarize, as long as the intraday level of 87800 does not break, it will continue to oscillate upwards, with support at 87800-85800 and resistance at 90400-92500.
ETH
Ethereum is just starting at this position on the four-hour level, as the weekly level has just opened and is starting high. Therefore, attention should be paid to the upward momentum in the first half of the week, and it is important to observe the small bullish candles on the four-hour level continuing to move upward. For this wave of market movement to have strength, it needs to hold steady around 3150. In summary, as long as it does not break 2960 during the day, it will still oscillate upward, with support at 2960-2820 and resistance at 3150-3310.

#ETH走势分析