12.24 Weekly support rebound, continuing to consolidate at the bottom, waiting for takeoff, waiting for the wind to come, waiting for money from the crypto world to provide precise assistance.

This week, a bullish trend is highly likely, with the focus on the closing gains. Currently, Bitcoin's future expectations are not as favorable as Ethereum's, and a new wave may be about to start. Powell's influence on the market remains a source of panic and negative sentiment, while other factors are manageable, requiring digestion and patience.

At present, we are still in a consolidation phase, not panicking or rushing, primarily waiting. The previous crypto bull market has seen at least three instances of a 20% drop, and this correction has not been significant yet, which is still considered decent. Overall, we are still in a strong phase, but we also need to be prepared for potential risks ahead.

BTC Daily - 4-Hour Level Market Analysis

Bitcoin has bounced back from a significant low level, but the smaller levels remain weak, with resistance around 96,500 and support around 93,500. The overall market logic is that only the larger support levels and hourly levels have turned into a short-term rebound, but the overall bearish pressure persists, so we still expect a choppy market. Bitcoin has primarily been in a weak oscillation phase; trading long on Bitcoin is not advisable, treating it like a dog.

ETH Altcoin Large and Small Level Analysis

 At this point, ETH's weekly support has returned alongside Bitcoin, but Ethereum has strengthened. The purchasing power on the Ethereum blockchain and from institutions has increased, so there may be expectations for a trend reversal. The overall market situation is quite good, with the only risk being potential geopolitical factors and Christmas selling sentiments, as well as the impacts from Bitcoin's declines.

 Therefore, ETH remains a bullish outlook, with opportunities to turn into a rally logic at any time. Thus, short positions should be cautious, focusing on low long oscillations. The resistance is around 3,550 and recent pressure is around 3,480, with support at 3,300 and 3,150. Low long logic is encouraged, waiting for a trend reversal, and even in a choppy market, trades can be made back and forth within the range.

As the year comes to an end, everyone should pay attention to risks and ensure they reserve funds for the New Year. Both contracts and leverage require a focus on risk management capabilities. #BTC走势分析 #圣诞行情分析