Technical Analysis: Bitcoin:
On the monthly level, BTC has formed a series of doji candlesticks, with increased upper and lower wicks, indicating that the market is in a state of fluctuation.
Although the overall trend remains downward, a rebound may occur in January. The weekly level is currently in an adjustment phase, with major support concentrated around the 92,000 point level, demonstrating the market's defensive strength.
On the daily level, a month-end rebound is beneficial for recovering some lost ground, and the current trend is seeking stability.
From the 4-hour perspective, the recent lows are mainly concentrated around the 93,000 point mark, with occasional spikes down to 92,000 points, indicating that the market has some support.
Intraday trading suggestion: Pay attention to the support range of 94,300-93,300 points below, as a rebound is expected. Pressure in the range of 96,000-97,000 points. If BTC breaks through and stabilizes above 98,000 points in the short term, the market is likely to strengthen further.
Ethereum:
From the net inflow of ETFs, the market's attention to ETH has significantly increased, reflecting the potential for ETH to rise.
The K-line for December has formed a bearish candle with upper and lower shadows, indicating the composition of bulls and bears in the market. Thus, the technical analysis on the monthly level is well-repaired, with K-line probing support and rebounding, indicating an overall bullish trend.
The important support level below is at 3,100 points. The weekly trend has shown slight adjustments, but overall it remains bullish.
On the daily level, ETH has been consolidating in the range of 3,300-3,450 and has begun to stabilize above the moving averages, indicating a signal of bottom-building.
The 4-hour chart shows ETH experiencing slow rises and sharp drops, indicating that funds are accumulating and washing out positions, and this fluctuation is expected to end; after breaking 3,450 points, it may initiate an exciting bullish trend.
Intraday trading suggestion: Pay attention to the support range of 3,370-3,340 points below, as a rebound is expected. Watch for pressure in the range of 3,420-3,450 points.