Dear brothers, on this beautiful Christmas holiday, I wish you all a happy holiday!🎅🎅
Today, the US stock market is closed. Looking back at last night's US stock market, it showed a significant upward trend, which has influenced Bitcoin to experience a rebound.
However, since the US stock market is not open today, Bitcoin has lost this important external support factor. According to the usual market logic, it is very likely to enter a phase of consolidation and fluctuation.
The price trend of Ethereum is similar to that of Bitcoin. Both are currently below the previously broken trend line, and weekly analysis indicates there are still hidden risks, remaining in a dangerous range.
In summary, for the cryptocurrency market to break free from its current predicament, it largely relies on the subsequent movements of the US stock market, which has a significant impact on its direction.
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