On 24/12/07, BTC plunged and corrected, ETH is close to the previous high point, and the Chinese New Year red envelope market is about to arrive.
Yesterday's plunge corrected the market, rebounding to 101,898. During the day, we also mentioned that the rebound looks at 99,588—101,500, and Ethereum continues to rebound to the previous high point near 4,087.
The Fed's interest rate observer shows that the probability of a 25 basis point cut on the 19th has reached 89%. Then, Trump will take office on January 20. Even if there is a pullback during this period, the bullish outlook remains, along with the Chinese New Year market that we have been reminding everyone about.
Bitcoin
Yesterday's rebound touched 101,898 and fell here, which also broke through the small-scale M head at 104,088. If it can continue to break through here, it will hit a new high before looking at a decline. On the daily chart, short-term looks at a pullback and a second test with a spike rebound, pay attention to 96,500.
Support:
Resistance:
Ethereum
The current market is relatively simple, touching the previous high nearby. There are still opportunities for further gains on pullbacks. On the 22nd, it was analyzed that BTC would continue to break through 99,000, and ETH has the potential to surge towards 4,000. The greed index is nearing historical highs, which Ethereum has also reached. There are still opportunities for altcoins to gain, and for newly listed coins that have seen significant declines, pay attention to the demand for capital rotation for TNSR, STRK, DYM, and so on.
Support:
Resistance:
