Share the current market analysis.

Weekly:

Last week's closing formed a shrinking volume bearish candle with an upper shadow, indicating that the market rebound encountered certain selling pressure, and there is still no sign of a bottoming out. Observe the support at the lower end of the consolidation range at 89865 to see if a bottom reversal signal appears. As long as the subsequent market does not break down the consolidation range with a large volume entity, it will continue to test the previous high after a bottoming signal appears.

Daily:

After a large volume hammer on December 20, a shrinking volume bullish engulfing appeared on the 24th, which did not break through the pressure of the defined consolidation range. On the 28th, a similar shrinking volume piercing pattern appeared, so the market is likely to continue consolidating within the range of 99514-92118. There are not yet more candlesticks out of the consolidation range, so we can observe smaller levels to judge the strength of bulls and bears.

Four Hour:

It can be observed that the three waves of decline in the four-hour level show that the bearish volume is gradually weakening. It has been consolidating in the range of 99514-92118 for 9 days and 12 hours, with high and low points gradually moving up. The lower support area has seen large volume piercing patterns, morning stars, and two large volume hammer candles, indicating that the support below is relatively strong, with multiple large volume bottoming signals appearing. Currently, it is below 50% of the consolidation range, indicating that the bears are slightly stronger. Within the consolidation range, there are 27 bullish candles and 31 bearish candles. Therefore, based on the above, the bears are temporarily stronger than the bulls. The ideal scenario is for the high and low points to move up, with strong support below, waiting for the bears' volume to be fully released before the bulls can counterattack.

Summary:

The weekly level is in the mid-term of a bull market, and the closing has not yet shown a bottoming signal, still in the consolidation range. Observe whether a bottoming signal appears next week.

The daily level is in consolidation after an upward trend, with several shrinking volume bottoming signals appearing, likely continuing to maintain consolidation.

At the four-hour level, the bears are temporarily stronger than the bulls, with strong support. If the subsequent market stands above 95816, then the bulls are likely to start a counterattack.

Currently, Bitcoin is still in the process of consolidation. Most altcoins are within the consolidation range and will likely need to maintain this for a while, but not for too long. The first half of next year will be a period of macro-positive factors accumulating, so it is still worth looking forward to.