Bitcoin and Ethereum Market Analysis on December 16: BTC, ETH Highlights Today

Market Review

Over the weekend, BTC continued to rise, and this morning it surged with increased volume, breaking through previous highs, as expected. The current trend is healthy, with a golden cross about to form on the daily chart, which is a very clear bullish signal. We expect a slight adjustment during the day before continuing to rise; if it stabilizes, we can continue to follow up. This week, it is expected to reach the 110,000 to 115,000 range. Altcoins are rising in sync with BTC; this morning, they surged past the key resistance level of 4,000 with increased volume, and a golden cross has formed on the 4-hour chart. We anticipate a slight adjustment during the day before continuing to rise; we expect to maintain above 4,000 without major issues, so we can continue to follow up. Altcoins are consolidating in sync with the mainstream, with most coins showing limited gains. It is expected to continue rising during the day, so we can follow up on accumulation. SATS should be held patiently; around 50, it may be worth considering liquidation. FTM can start reducing holdings, POLYX can continue to be held, and ACT should be maintained.

Highlights Today:

BTC: 1-hour and 4-hour levels are above healthy levels, the daily level has returned to a healthy range. We expect continued upward movement during the day; if the support level stabilizes, we can follow up. The larger cycle expectations have not weakened, with support at 103,500-104,000 and resistance at 106,000-107,000 during the day.

ETH: 1-hour and 4-hour levels are above healthy levels, the daily level has returned to a healthy range. We expect slight upward movement during the day; if the support level stabilizes, we can follow up. The support level during the day is at 3,900-3,950, and the resistance level is at 4,050-4,100.