The current situation of Bitcoin is that, although it has not dropped sharply, it has not fully stabilized yet and is still slowly sliding downwards. The good news is that people are not as panicked now, and there are fewer sellers. However, one still has to be cautious, as a sudden sharp drop in Bitcoin could mean bad news for altcoins. Of course, this is just my personal opinion; in terms of investment, you have to make your own decisions.
I estimate that Bitcoin might fluctuate between 94,000 and 98,000. It seems that people are not as afraid now; if Bitcoin truly drops below 90,000, that could be a good time to build a position. Generally speaking, a sharp decline in a bull market lasts about 7 to 11 days, and it looks like the timing is about right.
As for $BNB, it might oscillate between 650 and 700. It has been rebounding strongly, possibly related to Zhao's frequent postings on Twitter. A new Launchpool project has been announced; if a loyalty airdrop reward is issued during the Christmas period, BNB might just rise!
As for $ETH, it is also fluctuating between 3200 and 3500, similar to Bitcoin, and is still slowly sliding downwards. However, the possibility of a sharp drop should be low now.
Returning to today’s daily $BTC market analysis, from the K-line perspective, the 1-hour level is about to decline, the 4-hour level shows weakness, the 12-hour level is in a downtrend, and the daily level is also in a downtrend. The intraday resistance level is 96,500, and the support level is 91,000 USD.
By January 20, 2025, when Trump takes office, Bitcoin may surge to 120,000 USD.
Three catalysts in December: MicroStrategy being included in the S&P 100 index, the Federal Reserve cutting interest rates by 25 basis points, and the Financial Accounting Standards Board's accounting rules for fair value reporting of crypto assets, have now emerged, and their comprehensive impact is becoming evident.
