#数字资产市场动态 December 29 $BTC and $ETH Short-term Market Outlook

Asian session rebound and rally, is there a chance for the bulls?

The current market rhythm is somewhat similar to the 2022 bear market — a 30% plunge first, then oscillation and accumulation. Once enough accumulation is done, a rally often follows, only for the bulls to be shaken out, and finally a sharp decline to clear out the remaining positions. Frankly, the biggest belief among long traders now is whether the Federal Reserve will cut interest rates. But this matter itself is uncertain; if they do cut, it won't be comfortable for the bulls to profit — they will definitely first shake out the heavy players. Based on the current pace, there is a high probability of another wave before the January 27 rate decision meeting📉.

Bitcoin logic: In the early session, it hit resistance around the daily pressure level of 9050 and started to face resistance. From the weekly chart structure, it’s essentially filling the upper gap. The shorting opportunity at 9050 still has a pretty good risk-reward ratio. After the rally, the key is the pullback — if it falls below 8900, the market will continue to oscillate within that range; conversely, if the daily closes above 90K, it indicates signs of a bullish reversal. The next step is to see if the sideways top at 9450 can be broken.

Specifically, trading around the 9050-9100 range, once broken downward, look at 8920; if it breaks again, the target shifts to the 8750-8660 range.

Ethereum’s rhythm is similar: trading within the 3052-3077 range. If the 3000 level cannot hold, then focus shifts to 2968-2910.

Short-term market conditions change rapidly, so stop-loss positions should be adjusted flexibly based on your position size and risk tolerance.