12.27 Friday Market Highlights:

Yesterday's market overall showed a "rise then fall" trend, with prices attempting to break through the 100,000 mark in the morning but failing. Subsequently, the market gradually turned bearish, dropping to a low of around 95,200. After that, there was a tug-of-war between bulls and bears within a thousand-point range, providing good opportunities for both sides to profit. In such market conditions, as long as one can grasp the range well, profits can be achieved for both bulls and bears.

Current market analysis shows that Bitcoin continued to decline yesterday. Looking back at historical bull markets, corrections typically last about two weeks. After a deep correction last week, this week has recovered nearly half of the gains, and it has now returned to around 95,100. However, bearish momentum has not extended further, and US stocks did not break below the 95,000 support after opening, indicating that there is still an opportunity for upward movement. Although the market originally expected the index to strengthen this month, it has repeatedly tested the key resistance area above without breaking through, lacking sufficient upward momentum in the short term. The overall trend remains weak; however, since the key support level has not been broken, the likelihood of a significant decline is low. It is expected that the subsequent movements will mainly be range-bound. If the key support level is broken, a trend reversal can be considered.

For Bitcoin, the range of 95,500-95,800 is bullish, looking for 98,000; if it doesn’t break directly to short, then look at 96,000. As for Ethereum, no need to analyze it too weakly, just follow Bitcoin's rhythm.