Wednesday's daily summary and early morning analysis of Bitcoin and Ethereum
The market at the beginning of 2025 is relatively stable, with no significant fluctuations throughout the day. Bitcoin fluctuates around the 94500-93000 range, while Ethereum also shows little volatility, operating around the 3370-3310 range. The continuous oscillation is quite exhausting, but if this tug-of-war rhythm is well-managed, there is profit to be made. Currently, the coin price has once again settled above 94000.
From a technical perspective, Bitcoin is showing a rebound, but the momentum is limited. Short-term pressure is concentrated around the 94500 level. If it cannot break upwards in the early morning, then the market should focus on the support level at 92800 during the day. If it breaks, it will trend downwards; if it holds, a bullish outlook is expected.
Regarding Ethereum, there is currently little volatility; it is presenting in a sideways pattern. Short-term pressure is around 3360, and the market only needs to pay attention to the support situation at 3300 below. Similar to Bitcoin, if it breaks, it will trend downwards; if it holds, a bullish continuation is expected.
Thinking is just a question; action brings answers. Standing still makes you a spectator. How will you decide? A new year, a new beginning; do not underestimate yourself. Who knows, let's charge together!