Bitcoin and Ethereum Market Analysis on December 23: BTC, ETH Highlights Today

Market Review

Over the weekend, BTC continued its adjustment and consolidation, declining without volume, entering a new round of grinding phase. The expectation for a significant short-term increase has diminished, and it is expected to continue consolidating during the day, wearing down retail investors' patience. Be prepared for continued adjustment psychologically. ETH followed BTC's adjustment without volume decline, and it is expected to observe and wait for stabilization before taking action. Altcoins are adjusting in sync with the mainstream, with most coins experiencing slight corrections. It is expected to continue consolidating during the day, observing and waiting. The PENDLE purchased on Saturday can be taken out first, with slight profits, for short-term operations. For coins already held, SATS should continue to be held patiently, considering liquidation around 50. POLYX can continue to be held. ACT should be kept.

Today's Highlights:

BTC: 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels. It is expected to continue consolidating during the day, observing and waiting. The long-term expectation has not weakened. Support below during the day is 92,500-93,500, and resistance above is 96,000-97,000.

ETH: 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels. It is expected to continue consolidating during the day, observing and waiting. Support below during the day is 3,150-3,200, and resistance above is 3,320-3,370.