Bitcoin Weekend Market Analysis: Bears in Control, Focus on Key Support

In the past two days, Bitcoin has generally maintained a range-bound fluctuation, with the 4-hour chart showing prices under pressure at the middle Bollinger Band, continuously operating in the middle-lower band area, reflecting the current weakness of bullish momentum. Currently, bearish forces dominate, and the short-term trend remains weak, but there is mysterious capital defending around 93000.

Technical Analysis:

The key resistance level above is still near last week's high, and the downward trend of the moving average system exerts pressure on prices, making the probability of a significant rebound in the short term low.

The 60-day moving average near 92500 is currently an important support. Once it is breached, it may trigger a new round of decline, and the market will face greater adjustment risks.

Market Opportunities: Altcoins Shine

Bitcoin's market share is gradually weakening, and bearish pressure provides more opportunities for altcoins. It is expected that around New Year's Day, market sentiment may improve or a new round of altcoin trends may begin. Key Focus:

ETH and its Ecosystem: Recent net inflows into Ethereum ETFs have started to increase, which may lead to a significant surge.

RWA Sector: Tokenization of Real-World Assets (RWA) is a recent hot narrative and is expected to become a focus of capital chasing.

MEME Sector: Led by DOGE, MEME coins may see good gains after being dormant for over a month.

Strategic Suggestions:

If Bitcoin fails to break through the upper resistance, it is recommended to shift the focus of layout to hot sectors. For BTC, if it pulls back to the key support of 92500 and stabilizes, short-term positioning can be attempted, but close attention should be paid to changes in trading volume and market sentiment.

Summary:

In the short term, Bitcoin is operating under a weak trend, and altcoins are expected to take over and perform. The operation should focus on flexibly responding to market rhythms, seizing local opportunities, and managing risks well.

Intra-Day Focus

Support Levels

92500 87200