Are you feeling drowsy these days with Bitcoin's movements? It's been fluctuating between 93000 and 98000, like it's taking deep breaths, preparing for a major action. But don't rush; institutions are generally optimistic about next year's market, and I personally think this is an uphill path. After all, after the rocket-like rise in the past two months, the market needs to catch its breath and stabilize! The market can change its face faster than flipping a book, so we need to stay calm.
On the daily level, the current market shows signs of fatigue, with a large bearish candle plunging down vertically. Although there are occasional struggles to rise, the overall downward trend continues; however, the downward momentum has weakened, and the appearance of a lower shadow line creates possibilities for a rebound. Looking at the 4-hour chart, the bearish candles continue to decline, like floodwaters breaking through, until support is found at the lower boundary, indicating signs of a rebound. Hence, the key support level at 93000 has become the focus of the market. If this level can be maintained, we can consider going long; conversely, if the support fails, it would be wise to go short.
Long Bitcoin around 93000, target 94000-95500
Long Ethereum around 3370, target 3450-3500
