Many people are concerned about market trends during the Christmas season. Based on current news, analysis can be conducted from the following aspects:
Institutional Dynamics
Last Thursday and Friday, continued selling by institutions led to a significant market correction following the interest rate cut decision at 3 AM on Thursday.
Although the market has seen some rebound recently, it remains in a state of volatility and consolidation.
Due to large-scale selling by institutions, the market sentiment, which had experienced a three-month rise, is now dominated by short-term downward pressure, significantly increasing bearish sentiment.
Both institutions and retail investors generally hold a pessimistic view of future trends, and market prices may oscillate within the current range, with the possibility of further declines.
Market Data
From the market data, Ethereum shows significant buying support around $3000, and Bitcoin shows similar support around $90000; these two key price levels are particularly crucial.
If these support levels hold, there may be opportunities for a rebound in the short term.
However, once these support levels are broken, the market may face further pressure.
Market Sentiment
Although there is still some bullish sentiment in the market, bearish forces are gradually strengthening. Recent price trends may display repeated fluctuations, leaning overall towards a bearish trend.
In summary, the market trends during the Christmas season present significant uncertainty, and investors need to closely monitor key support levels and changes in market sentiment while managing risks.
