On December 28th, the market for Bitcoin and Ethereum began to slowly recover. The next four days should be relatively safe, and we can wait to see how Ethereum performs.
Bitcoin is currently at a phase low, and ideally, there should be a strong rebound this week. However, after Christmas, we haven't seen any signs of recovery yet. The key position for Bitcoin is still around 92,000. As long as it doesn't drop below this level, there is still a chance to rise again; if it breaks below, the risk could increase significantly, with expectations to fall to around 86,000.
Ethereum was previously quite strong, but now it has also been dragged down by the overall market. It may be difficult to see immediate results, and it might take some time to stabilize.
Now, let's talk about the daily and 4-hour trends for Bitcoin. Bitcoin is still hovering near the bottom, and the market is relatively stable. The bottom support is around 94,500, with two resistance levels at 95,700 and 97,500 above. This weekend, Bitcoin's market may potentially repair itself, so let's wait and see for now.
As for Ethereum and other altcoins, the weekly support for Ethereum has returned along with Bitcoin. Regarding Ethereum's increase, I plan to take a risk, but the overall market still needs to be waited on. Ethereum is leaning bullish this weekend; we can try to take a risk. The upper resistance is around 3,400, with bottom support around 3,320, and smaller pressure at around 3,370.
Opportunities are fleeting, a pullback is imminent, so position yourself for spot buying, and the altcoins are waiting for you to reap huge profits! Doubling your investment is not a dream; follow me closely, leave a message to share your insights, and let's enjoy the bull market feast together!
