December 11, Wednesday early morning BTC and ETH Briefing:

The current market trend is overall showing a low-level consolidation pattern, with around 98300 becoming a significant resistance area. Earlier today, Bitcoin attempted to rebound in this area but failed, leading to a drop in price. Later in the evening, when the price touched this resistance area again, the market saw another decline.

From the 1-hour technical chart, the current market has entered a correction phase. However, it is worth noting that this correction has not reached the expected depth. Previous short-term rebounds have failed to form effective bottom support, indicating that there is still some downward pressure in the market.

Looking ahead, we expect the price to continue to explore downward and possibly approach the previous support level. At this stage, the market may experience some degree of fluctuation around this support level.

Recommendations:

Bitcoin 97500-98000 range target 93500-94000

Ethereum 3680-3700 range target 3480-3500

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