THE RISING TREND CONTINUES IN THE CRYPTO MARKET

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Bitcoin (BTC) and Ethereum (ETH) continue their upward trends in recent times. BTC reached a peak of $108,309 on December 17, experienced fluctuations, but as of December 26, it is trading at the level of $98,914. Similarly, ETH has stabilized around $3,462 after testing levels around $3,540.
In daily charts, the price of BTC is hovering near the middle band and the downward trend has been limited. However, on the 4-hour charts, a clear double bottom formation and strong support levels can be observed. These technical indicators indicate that the upward trend may continue.
Analysts suggest that BTC may be suitable for long positions in the range of $98,200-$98,500, with a target of $101,000. Similarly, long positions for ETH are recommended in the range of $3,430-$3,460, with a target of $3,600.
With the reopening of the US stock markets, an increase in trading volumes and volatility is expected in the crypto markets. Therefore, it is recommended for investors to focus on short-term trades and closely monitor market dynamics.
As a result, the current technical structures and market conditions in BTC and ETH indicate that the upward trend may continue. However, it is important for investors to act cautiously, taking into account risk management strategies.
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