In the afternoon, the market mainly experienced a decline, with the price of cryptocurrencies continuing to drop before once again testing support levels to halt the decline. The market revisited yesterday's fluctuation range without showing excessive continuation downwards. Ethereum remains consistently weak, with the market also showing a continued downward trend. During the midday, we positioned ourselves at lower levels as the market corrected. After Christmas, although the market did not show the expected intense fluctuations, Bitcoin remained strong and did not break below the 97,000 mark. With no data to drive the market, the pressure near the 100,000 mark during the upward movement indicates the market's strength.

From the perspective of the larger daily structure, the market still faces pressure from the middle track and is experiencing a pullback in small negative candles. The performance on the chart continues to be mainly about accumulating strength and consolidation, primarily due to the Christmas holiday. Today's opening of the US stock market will set the tone for the broader market. From the market's reaction following Powell's speech, Bitcoin stabilizing around 100k indicates that investors are psychologically prepared for a long-term hawkish policy. The core PCE data released before Christmas may have alleviated market sentiment to some extent. Before liquidity recovers, the market may continue to experience fluctuations and consolidation. In the short term, the trend after tonight's US stock market opening will be key to determining the market direction. Looking at the short cycle, the morning's surge did not continue to break higher, so the pullback is to be expected. This rhythm still requires waiting for the accumulation phase to end and for substantial volume to be released. In the short term, with little volatility in the market, the oscillating strategy remains unchanged; after testing lower support, long positions can be arranged to enter.

Bitcoin can be bought at 97,500-98,000, with the initial target looking at the resistance of 100,000. Ethereum can be bought at 3,400-3,420, with a target near 3,520. #BTC上攻11万？ #2025加密趋势预测 $BTC $ETH