Bitcoin and Ethereum Market Analysis on 12.9: BTC, ETH Highlights for Today

Market Review

Over the weekend, BTC maintained high-level consolidation, and is now beginning to adjust. The trading volume has decreased in recent days, and a continued adjustment and consolidation is expected. Today, pay attention to the support level at 98000; if it holds, further price increases are anticipated. A short-term pullback is normal, serving to build momentum for future rises. ETH follows BTC in consolidation, maintaining a healthy trend, with continued consolidation expected today. Watch the support at 3850; altcoins are also following the mainstream with a synchronized pullback, with most coins experiencing slight corrections, which is normal and not a major issue. SATS can be patiently held; consider liquidating around 50. PEOPLE has shown some recovery, with many having exited, so continued holding may be considered. FTM can start to reduce holdings, POLYX can continue to be held, and ACT was advised to reduce holdings last week; the remaining position can be held.

Today's Highlights:

BTC: The 1-hour and 4-hour levels have returned to healthy levels, while the daily level is above healthy levels. Continued consolidation is expected today. The lower support is at 98000-99000, with resistance above at 100000-101000.

ETH: The 1-hour and 4-hour levels remain healthy, and the daily level is above healthy levels. Continued consolidation is expected today, with lower support at 3820-3870 and resistance above at 4000-4050.