12.16 Cryptocurrency Market Trends

Overview of Yesterday

On 12.15, BTC had a low of $101,200 and a high of $105,374, with a volatility of $4,174, and an amplitude of 4.1%; ETH had a low of $3,829 and a high of $3,973, with a volatility of $144, and an amplitude of 3.8%.

Today's Analysis

BTC

Current BTC price is $104,550, showing strong upward momentum after a rebound. If altcoins do not follow the drop during the pullback, a new rotation will occur. Support during the pullback is at $101,000, and resistance during the rise is at $109,350, with short-term resistance at $109,350 and short-term support at $101,000.

ETH

ETH is currently at $3,970, which has been weak over the past two days. After testing support this morning, it rose with BTC to the resistance level of $3,020, failing to break the previous high of $4,100, while altcoins did not follow the rise, awaiting ETH's next move. Short-term resistance is at $4,033, and short-term support is at $3,840.

Summary

BTC is absorbing liquidity, ETH is following, and there are no outstanding gains in altcoins. The ETH ETF market is gradually expanding; pay attention to the decline of altcoins during the market correction. If the decline is small, consider bottom-fishing.

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