December 20 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC continued to pull back, and this morning it fell again with increased volume, briefly dropping to around 95,500, with a decline greater than expected. Currently, the 4-hour downward momentum is still maintained, slight follow-up could be considered, waiting for a rebound. Conservative operation suggests observing for 1-2 days, waiting for stabilization before conducting right-side trading. The target expectation for this week in the 110,000-115,000 range has been canceled. The altcoin followed BTC's simultaneous pullback, briefly dropping to 3,350, with a decline also exceeding expectations. The 4-hour downward momentum has not weakened, but it has entered the oversold range. It is advisable to follow up appropriately today, waiting for a rebound. Altcoins are following the mainstream downward trend, with most coins experiencing significant pullbacks. It’s advisable to follow up today, waiting for a rebound. Today, consider following up on PENDLE, which has dropped significantly; altcoins tend to rebound quickly, so consider buying the dip for short-term trades. For already held altcoins, SATS should be patiently held, with the possibility of liquidating around 50. FTM can be liquidated and reconsidered later. POLYX can continue to be held, and ACT should be maintained.

Today's Highlights:

BTC: The 1-hour and 4-hour levels are below healthy levels, while the daily level has returned to healthy levels. Expecting a rebound after consolidation today; slight follow-up could be considered. The long-term expectation has not weakened. Support below today is 95,500-96,500, and resistance above is 98,500-99,500.

ETH: The 1-hour and 4-hour levels have entered the oversold range, while the daily level is below healthy levels. Expecting a rebound after consolidation today; appropriate follow-up could be considered. Support below today is 3,350-3,400, and resistance above is 3,500-3,600.