12/24 Market Analysis

The market is currently in a complex stage characterized by the overlay of "technical correction demand," "global liquidity tightening," and "seasonal capital withdrawal at year-end." The trend continues to transition from "high-level consolidation" to "directional choice," which is a key situation. Yesterday's rebound after the breakdown did not break the original oscillation range, which is not a clear trend reversal signal; instead, it highlights the market's fragility.

Overall, Bitcoin remains in a high-level consolidation phase, but the oscillation range has shifted downward from 87,000-90,500 to 86,500-88,300, with reduced volatility, indicating that both bulls and bears are cautious ahead of the holiday. Today's intraday short-term resistance is at 88,300-88,500, with the core resistance still in the 90,000-90,500 region.

Yesterday, Bitcoin showed high correlation with altcoins, rebounding after probing the key resistance level, exhibiting the holiday market characteristic of oscillation within a new range. Overall, altcoins have held the critical defensive line of the recent upward trend, but the rebound strength is insufficient to reverse the high-level consolidation pattern. Currently, the market focus remains within a narrow fluctuation of 2,950-3,000.

In the context of liquidity exhaustion during the holiday, the market lacks the momentum for an upward breakthrough. In the remaining time before the holiday, it is likely to maintain narrow, low-energy sideways consolidation. Trading can follow the same rhythm as Bitcoin, buying low and selling high within the same range. $BTC #ETH走势分析