Christmas crisis is approaching?

1. News Analysis

1. Institutional Dynamics

Since last Thursday and Friday, institutions have continued to sell off, causing the market to plummet significantly after the interest rate decision at 3 AM on Thursday. The past two days have shown a bottoming rebound and consolidation trend. Given the current selling situation by institutions, the market, which has risen for three months, has been impacted by the two-day decline, leading to a pervasive bearish sentiment. Both institutions and retail investors have a pessimistic outlook on the future market direction, with prices likely to fluctuate within the current range or further decline.

2. Market Information

From the perspective of market news, there is a significant amount of buy orders at the Ethereum 3000 price level and around the Bitcoin 90000 level. Therefore, the recent 3000 price level for Ethereum is crucial, and the 90000 price level for Bitcoin is equally significant.

3. Market Sentiment Interpretation

Regarding market sentiment, although bullish sentiment remains significant, the number of bears continues to grow. Recent price movements may fluctuate up and down, with an overall bearish trend likely.