《12.25 Market Analysis: Christmas Gift, Scare or Surprise?》

The market in the past few days has remained calm, with no particularly large movements, but the patience of the market has been worn down quite a bit. First, on the daily chart, you need to be clear that there has been no continuous downward trend, so we are still in a consolidation range. Since the consolidation range has tested the bottom, it will also need to test the top again, which means reaching the upper Bollinger Band. Combined with the moving averages, this further testing of the top in the consolidation range will also correspond to pulling the price to MA50 before falling back, giving the moving averages ample time to form a golden cross.

So currently, the daily market tells us that a change in trend is imminent, and the expectation of an upward movement is still present; the hopes of the bulls have not yet completely vanished.

$BTC Bitcoin is currently facing resistance at 88000 on the 1-hour chart. If it closes above 88000 again, there may be a support-resistance swap, potentially rising to the pressure levels of 89100 and 90100. If it goes down directly, we still need to watch the support at 85800 and 83600.

$SOL The support rebound at 121-120 mentioned in the past two days has occurred; if it goes down to 120 again, consider going long at 118 or 115, as the support around 120 has already shown its effectiveness once. If it comes a second time, it will inevitably go to a lower level to frustrate you. The upper resistance at 126 has not been surpassed, making it difficult to have a good upward momentum.

$ETH For Ethereum, the support remains at 2835 and 2730. Pay attention to the potential pullback at the pressure level of 3015-3020, and the pressure for further upward movement is at 3150.

In summary, the current daily market is just lingering, but it has not yet reached the moment of collapse; anticipating a downward trend prematurely is illogical. How the next upward movement will come is still unknown, whether it will be a direct pull-up or a further drop to gain liquidity before a quick recovery, it can only be left to the market.

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