December 21 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today

Market Review

Yesterday, BTC continued to pull back, once again experiencing a significant drop, briefly falling to around 92,500, exceeding expectations. Currently, the downward momentum on the 4-hour chart is beginning to weaken and has quickly rebounded above 97,000, stabilizing around 97,000. It may be considered for follow-up, waiting for subsequent rises. ETH followed BTC's pullback, briefly falling to 3,100, with a similarly unexpected drop. The 4-hour downward momentum is also beginning to weaken, rebounding quickly above 3,400. It can be appropriately followed up today, waiting for subsequent rises. Altcoins followed the mainstream downward trend, with most coins experiencing significant pullbacks, though rebounds are also relatively fast. They can be followed up today, waiting for rebounds. Yesterday, a position was established in PENDLE, which rebounded quickly; positions can be cleared around 5.7 for short-term trading.

Positions already established: SATS should be held patiently; consider clearing positions around 50. DOGS should be held, FTM can be cleared and reconsidered later, POLYX can continue to be held, and ACT should be maintained.

Highlights Today:

BTC: 1-hour and 4-hour levels are below healthy levels, daily levels have returned to healthy levels. The expectation for today is a rebound after consolidation, which can be slightly followed up. The long-term expectation has not weakened. Today, support is at 95,500-96,500, and resistance is at 98,500-99,500.

ETH: 1-hour and 4-hour levels are below healthy levels, daily levels are also below healthy levels. The expectation for today is a rebound after consolidation, which can be appropriately followed up. Support today is at 3,350-3,400, and resistance is at 3,550-3,650.