$BTC Last week, the Bitcoin experienced stimulation from news, with a huge contrast after interest rate cuts and expectations materialized, leading to frequent minor fluctuations during the day. Those chasing breakouts were frequently hit over the past week.
In a large-scale wide fluctuation, the rapid and chaotic movements on a small scale catch people off guard.
This week, more news-driven market activity is expected, along with new expectations for a yen interest rate hike, bringing varying degrees of potential bearish sentiment to both the crypto sector and U.S. stocks. Let's see how the market digests this.
Back to the market. Bitcoin has continued to maintain low-level fluctuations after Friday's U.S. stock market close, with no strong bullish actions on a small scale.
It even started to probe downward again. No short-selling suggestions, the risk-reward ratio is too small.
Below, pay attention to the price performance around 80,000. After a strong bullish performance, look for a stop-loss rebound. Even reverse upward to stand back above 905.
Resistance above: 91800/92830/94000/
Support below: 88000/86000/83830
After the exchange rate strongly breaks the downward trend line, a round of independent bullish ETH market begins. In November, there were frequent attempts to break upward, mentioned multiple times.
And continue to build strength upward after the breakout. With interest rate cut expectations materializing, frequent reductions by bulls, and ETF outflows.
In the short term, the bullish ETH is facing a comprehensive correction.
In terms of price performance, the pullback down around 3400, on Friday began to face a pullback test around 3080, continuously maintaining low narrow-range oscillation. It's good news to see a stop-loss at major support.
Repeatedly tests and bounces on support downward, waiting for confirmation to break out after the stop-loss at 3130 to see a bullish rebound.
Otherwise, it will follow the market to continue testing the bottom. The bulls are stationed around 2800.
Tonight until tomorrow's pre-market in the US stocks, pay attention to the price performance of this support area. If it breaks below around 3000, short-selling requires quick and diligent profit-taking.
Resistance above: 3150/3220/3300
Support below: 3060/2980/2880
The 4H level consolidation structure is starting to weaken with the market. The rebound pullback tests around 144 multiple times but fails to hold.
The weekend's low narrow-range oscillation zone is once again facing downward testing. Bulls are starting to weaken again. The risk-reward for short-selling is relatively small.
Observe the performance when the price reaches around 128, consider catching the rebound bulls only after a clear stop-loss.
Resistance above: 138/141.3/144.3
Support below: 128/120.1/113
