Currently, the BTC market still maintains a daily upper track oscillation. This week, pay attention to the support and rebound situation near 95,000. Whether the price stays above this position has far-reaching implications for the current market risk appetite.

Of course, if it falls below this support, I personally expect altcoins to decline in a small scale. However, as long as it does not break the daily trend, altcoins will still maintain a certain level of activity before Christmas.

As of the eve of Christmas, the current depth of the daily range correction is around 90,000. If there are significant negative factors, this reference can be ignored.

The daily Bollinger Bands are transitioning into a contraction phase, which will continue to maintain range oscillation and make some adjustments to the overall price structure for repair. Currently, the range is 11,000 points. Based on historical trends over the past year, excluding major positive stimuli, the range still needs to contract.

Pay attention to two ranges: if the daily range contracts to 6,000-8,000 points and there is an upward or downward breakout, it is basically regarded as a short-term rebound or deepening of the correction. If the daily range contracts to 4,000-6,000, a significant breakout may occur, including upward and downward breakthroughs.