There are no clear technical indicators for Bitcoin's short-term movement, but in terms of market sentiment and the macro environment, the Fed's dovish monetary policy signals on December 19 have lowered the rate cut expectations for 2025, which has led to a weakening of the market's risk appetite and a decrease in demand for Bitcoin investment.
Macroeconomic Environment: The Federal Reserve's December point data showed a decrease in the number of rate cuts in 2025, which is a hawkish signal that has led to a rise in the dollar and the volatility index, which has affected US bond yields, US stocks, gold, and the cryptocurrency market in general.
Support levels for Bitcoin and Ethereum.
Currently, the support level for Bitcoin is around $96,000, and if this level is broken, it will head towards further decline, the next support level is $89,000, and the support level for Ethereum is $3,000.