#btc December 26 Thought
From the current market perspective, the price has been fluctuating upwards, with a morning peak around 99,950 followed by a drop of nearly 2,000 points, indicating that the pressure at the 100,000 integer mark is still quite significant.
The 15-minute level fluctuation range is around 97,500 to 100,000, and it is highly likely that it will continue to operate within this range during the daytime.
Therefore, the short-term support reference for the daytime is around 97,500 to 96,800.
The short-term resistance reference above during the daytime is still around the 100,000 integer mark ±200, and for overnight, it's around 102,000.
Now that Christmas has passed, the focus is on tonight's U.S. stock market opening conditions.
Although the current head and shoulders pattern shows positive signals, the next phase of development for ETH is likely to be significantly affected by the overall condition of the external market and changes in trading volume.