December 30 Market Analysis
BTC
The price of Bitcoin surged to 99,450 after midnight on the 25th, and has since started to decline. It is currently in a 1-hour downward channel, with resistance around 95,500 and support around 92,500. In the short term, the bearish momentum for Bitcoin is still stronger than the bullish momentum, so it is not recommended to buy on dips.
ETH
Ethereum's performance in recent days has been quite good. It has not been dragged down by Bitcoin's decline and is slowly grinding upwards, remaining in the 3,300-3,455 range. It is currently above the bullish and bearish line, with resistance around 3,455 and support around 3,300. If it can break through 3,455 in the short term, then we continue to look bullish.
