24/12/21 BTC rising channel broken, if not recovered, the decline is not over, ETH lowest pin 3100!
The market performance is not significantly different from our expectations, with the lowest pin at 92232, Ethereum pinning at 3100 before rebounding. It still belongs to a downtrend, and the rebound cannot recover key resistance and the internal decline of the rising channel is not over.
Multiple cryptocurrency companies have donated to the Trump-Vance inauguration committee. Among them, Ripple will donate 5 million dollars in XRP, Coinbase and Kraken each donated 1 million dollars, and MoonPay has also confirmed participation but has not disclosed the specific amount.
U.S. December 12-month inflation rate forecast initial value 2.8%, expected 2.90%, previous value 2.90% is also favorable.
Bitcoin
Bitcoin breaks the channel and retraces to 0.382 pin rebound, 90800 to 94150 is also a dense trading area of the previous two pin positions. If it cannot recover the channel, the decline is not over. The daily line also hit the BOLL lower track with a decline in volume, MACD bars continue to decrease, and RSI falls to a relative area bottom.
The 4-hour channel is under pressure, short-term attention to whether the second test can hold. If it continues to break down, we wait for lower lows to enter. MA60 is at 88500, the channel starting point is 83500-85000, there is an opportunity to hit it, still an opportunity to increase positions.
Support:
Resistance:
Ethereum
Breaking below the M-head lowest pin 3101 also falls to the 0.618-0.5 range, which is also a dense trading area. The next support is 3000. Even if it later retests the weekly BOLL middle track, it is not surprising. However, for us, the retest is an opportunity to increase positions in batches.
Support:
Resistance:
