First of all, I wish everyone a Merry Christmas!
Today, the US stock market is closed.
From the daily closing situation of Bitcoin, it failed to break through the central range of 93800 - 98800. Last night, the US stock market surged, and Bitcoin also rebounded accordingly. However, with the US stock market closed, Bitcoin lacks a market trend to follow, and it is expected to present a volatile trend in the future.
The movement of Ethereum is basically in sync with Bitcoin. Currently, both Bitcoin and Ethereum are still below the previously broken trend line, so it's not advisable to be overly optimistic in this situation.
Looking at the weekly chart, the current market conditions still pose risks.
Overall, for the cryptocurrency market to truly establish a clear trend, it may still need the US stock market to play a leading role.
