Market Review:
First coin highest yesterday: 95382, lowest 91203, fluctuation of 4179 points. Second coin highest yesterday: 3357, lowest: 3158, fluctuation of 199 points. Yesterday was Thursday.
The first coin closed with a small bearish spike yesterday, and early this morning, it repaired yesterday's spike. Currently, the daily trend is also in a small bearish state. From the trend perspective, the market is pretty much where it is, and it can't drop much further. The spike for the second coin was at 3200, and it also closed with a small bearish line. Early today, after a drop, it began to rebound. The decline of altcoins today has started to decrease in volume, which indicates that the previous increase wasn't much, and now the decline is about the same. How much further can it drop? After a week of increase, it has dropped back to the starting point in two days. These past two days have been about finding a bottom, and then a rebound rhythm can begin, but the process of the rebound won't be very fast; it will also move up slowly.
Highlights for today, Friday:
BTC
It is expected that today will be a bullish day, with a slight rebound over the weekend.
The performance of the first coin shows another spike at 92000, proving that this support position is still effective. According to the current daily chart, the support point is in the range of 90000-92000, which was the lowest point of the spike on December 6th. The market has undergone a repair, and the last two days are crucial. According to the trend, we are looking at a rebound from the spike, paying attention to the resistance point in the range of 97000-98000.
ETH
The performance of the second coin today is relatively weaker compared to the first coin. The daily chart shows a spike around the 3150 level, which is a repair of the spike on December 20th. Recently, the second coin may explore this position again, just need to defend it a bit. Normally, the understanding is that there isn't much space for a decline. The weakness of the second coin isn't good for altcoins, but today it's clear that the overall decline of altcoins hasn't expanded, which proves that there is no further drop. Previously, altcoins had a relatively small increase. Now, the support level for the second coin is at the 31-3200 range, with the resistance points to watch at the first line of 3450-3520 and the second resistance point still focusing on around 3800.
Altcoins
Continuing to pay attention to these altcoins: SOL NEIRO SYN OP FET PEOPLE