December 23 BTC/ETH Market Analysis
Bitcoin has become a bit unpredictable again, after the rebound it hasn't stabilized but is instead experiencing a gradual decline, which is really frustrating to watch. Fortunately, the mainstream spot markets are holding up fairly well and haven't disappointed us too much. However, those altcoins that just started to show some improvement quickly fell back down. It's truly nerve-wracking, especially for friends who have leveraged positions; with all this up and down, their hearts can hardly withstand such volatility!
Now everyone is wondering, will the bull market come back? Will the spot assets in hand become worthless? Don't rush, let me analyze slowly. Note: This article is a personal review and not investment advice. I feel that Bitcoin might fluctuate between 94,000 and 98,000 recently, and it may drop a bit more, but if it really falls to 90,000, it should stabilize.
Now let's talk about $BNB. This guy has been hovering around 600 for quite a while, but fortunately, it has received some loyalty airdrops, so its performance is acceptable. I expect it will be relatively stable between 640 and 680.
As for the second largest $ETH, it has to follow Bitcoin’s lead; if Bitcoin doesn't take a new path, it can only remain stagnant. Currently, the range of 3,200 to 3,500 is its temporary safe zone.
Some important news:
1. CZ: It's a bad idea for two people to access the same key; cryptocurrency should be transferred to an address owned by oneself.
2. Barclays Bank predicts that the Federal Reserve will pause interest rate cuts after June next year until mid-2026.
3. Max Keiser, a senior Bitcoin advisor to the President of El Salvador, stated that President Bukele has increased daily Bitcoin purchases, with a mid-term goal of acquiring an additional 20,000 Bitcoins.
Returning to today’s daily $BTC market analysis, from the candlestick chart, the 1-hour level shows signs of stopping the decline and stabilizing, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday resistance level is 97,100, and the support level is 92,300 dollars.
So, if you ask me if I can make money? Yes, but you must have the ability to survive in this slaughterhouse.
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