Many people are paying attention to the Christmas market.

Analyzing from the news perspective:

1. Institutional Dynamics

Last Thursday and Friday, institutions were continuously selling, leading to a sharp drop in the market after the interest rate decision at 3 AM on Thursday.

The last two days have been a consolidation phase after a rebound from the bottom. Because of the institutions' selling this time, the market, which had risen for 3 months, was impacted by two days of decline, resulting in strong bearish sentiment.

Both institutions and retail investors are relatively pessimistic about the future market, and prices may consolidate back and forth within the current range, or may decline again.

2. Market Information

From the market news, there are many buy orders supporting Ethereum around the 3000 price level and Bitcoin near 90000.

Therefore, the 3000 price level for Ethereum and the 90000 price level for Bitcoin are both very critical.

3. Market Sentiment Interpretation

In terms of market sentiment, although bullish sentiment is still relatively strong, the number of bearish individuals is continuously increasing. The price may fluctuate up and down in the near term, with an overall trend possibly leaning bearish.

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