The weekend was flat for two days, with limited fluctuations up and down. Since Bitcoin dropped after December 28, it has been in a state of sideways consolidation all day. At ten o'clock on the night of December 28, large orders entered the market around 95300 but were quickly suppressed, leading to a second round of consolidation. In one hour, it plummeted a thousand points back to around 94400, and then continued to consolidate. This morning, it oscillated to 95700, and was once again under pressure, indicating that the 95500 range has strong resistance.
The movement of the altcoin is similar, with resistance concentrated around 3400. It mostly oscillated in the 3375-3415 range that day. After a narrow range, there must be a wide range. There’s not much to say about this grinding movement.
Below Bitcoin, pay attention to the range around 93840, and above it, the range around 96360. For the altcoin, pay attention to 3346 below and 3484 above. No further analysis will be provided. There’s not much liquidity over the weekend, so let's first observe Monday’s Asian market and then the US market. Everyone should take a break; that’s it.
$BTC $ETH #btc #eth