20241220

Personal conclusions on the technical chart, though estimated, are not baseless emotional scripts.

- The ETH M bottom is forming, and it seems likely that it can hold and move up a bit in the coming days, but the subsequent performance depends on BTC.

- BTC may experience low valley fluctuations or another sharp drop, but it’s best if it stabilizes above 97 or 98, otherwise altcoins will look even worse (assuming until early January). The MACD should create another small peak (note that this good news should be digested before the new administration takes over) before going into a deeper valley (at some point after the new administration takes over).