The mainstream and altcoin fluctuations in the crypto market were relatively small yesterday. The past 24 hours have essentially been a consolidation process, with various coins recovering. The recent surge has caused most coins' daily moving averages to continue rising. A consolidation and recovery after a rapid increase is a necessary process; only with solid foundations can there be a possibility of further upward movement. Those without a trading strategy should refrain from making impulsive moves; holding USDT for interest or participating in airdrops is also a good choice.
For Bitcoin $BTC, the prediction remains that it will consolidate around 98,000 to 102,000. Bitcoin is currently trending upward, and breaking previous highs is unlikely. Before December 20, the space for a decline is much greater than for an increase; there may be another opportunity before January 20. As for Ethereum $ETH, it remains very strong, continuously trying to break through 4,000 and take off. In the short term, it has significant potential to take off, but don't expect it to double quickly given its large market cap. Regarding Dogecoin $DOGE, it relies on news and Elon Musk, considering it has surged too much over the past month. It’s advisable to hold a bit of mainstream coins; after all, if it’s not bright in the East, it might be bright in the West. Remember not to play contracts at this position, and I’ll remind you again to avoid contracts with altcoins during periods of extreme volatility.
Now back to today’s daily BTC market analysis. From the K-line perspective, the 1-hour level shows an upward trend, the 4-hour level is also upward, the 12-hour level is leaning up, and the daily level is consolidating upwards. The intraday resistance level is 104,500, and the support level is 99,800 USD. During the weekend, keep an eye on altcoins; it's a crazy altcoin time.