December 25th Market Analysis
BTC
Last night, Bitcoin broke through 95,500 and quickly surged to 99,000 without much pause. It is now in a consolidation phase. As long as it doesn't break 97,200, the outlook remains bullish. From the liquidation chart, there is a significant amount of short positions between 99,500 and 100,800, indicating a high probability of another upward move. Short-term resistance is at 103,500, and short-term support is at 97,200. Today's trading strategy is still to buy on dips and set stop losses on breakouts.
ETH
Ethereum is currently still in an hourly upward channel. As long as the trend remains intact, the outlook is bullish. Altcoins are generally still in a mid to low position, and it’s time for them to rally. Ethereum's short-term resistance is at 3,555, and further up at 3,725, with short-term support at 3,380.
