December 19th Auntie formed an M-top, altcoins are expected to decline
Yesterday Review
BTC: Yesterday's lowest point was $99,951, highest point was $106,484, with a fluctuation of $6,533, and a fluctuation rate of 6.1%.
ETH: Yesterday's lowest point was $3,615, highest point was $3,908, with a fluctuation of $293, and a fluctuation rate of 7.5%.
Today's Analysis
BTC: Currently, the BTC price is $100,800, which quickly dropped from $105,000 to $107,000 in the early hours, just near the support level given yesterday, and then began to consolidate sideways. This morning it broke the support level, reaching a minimum of $98,744, and is now rebounding to the resistance level. If it cannot effectively break through above $101,500 this afternoon, it is very likely to be a series of declines.
Bitcoin short-term resistance: $103,200
Bitcoin short-term support: $95,000
ETH: The current price is $3,650, forming an M-top pattern in the short term, rebounding to the parallel support of $3,540 before starting to bounce. The upper resistance level in the last 2 days is around $3,820, and if the rebound is weak, the price may drop to $3,250, so be aware of the decline risk of altcoins.
Altcoin short-term resistance: $3,820
Altcoin short-term support: $3,250
