Is a Christmas heist approaching?

1. News Analysis

1. Institutional Dynamics

Since last Thursday and Friday, institutions have been continuously selling off, causing the market to drop significantly after the interest rate decision at 3 AM on Thursday. In the past two days, a bottom rebound and consolidation pattern has emerged. Given this wave of selling by institutions, the market, which has risen for three months, has been impacted by the two-day decline, creating a pervasive bearish sentiment. Both institutions and retail investors have a pessimistic outlook on the future market direction, with prices likely to oscillate within the current range or dip again.

2. Market Information

From the perspective of market news, there is a significant amount of buying support around the Ethereum 3000 price level and near the Bitcoin 90000 mark. Therefore, the recent 3000 price level for Ethereum is crucial, and the 90000 price level for Bitcoin is equally significant.

3. Market Sentiment Interpretation

In terms of market sentiment, although bullish sentiment remains significant, the number of bears continues to grow. Recent price movements may fluctuate up and down, with the overall trend leaning bearish.#BTC #ETH $BTC $ETH