December 22nd Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights for Today

Market Review

Yesterday BTC maintained consolidation, focusing on the resistance level between 89500-90000. The fundamentals have not shown significant improvement; the market remains predominantly bearish. Daily level attention is on volume changes, waiting for consolidation and monitoring fundamental conditions. The weekly trend continues to show a downward trend, waiting for stabilization.

The altcoin is consolidating in sync with Bitcoin, focusing on the resistance level between 3020-3050, waiting for consolidation. The daily level head and shoulders pattern has formed, paying attention to volume conditions, waiting for consolidation.

Altcoins are consolidating in sync with mainstream coins, overall liquidity remains quite poor. Waiting for altcoins to stabilize before making considerations. Alpha activity point requirements are getting higher, and point accumulation has been paused, waiting for point requirements to decrease before considering a restart.

Intraday Market Analysis

BTC 1-hour and 4-hour levels have returned to a healthy range, while the daily level is below the healthy range. The intraday expectation remains consolidation, with support at 87000-87500 and resistance at 89500-90000.

ETH 1-hour and 4-hour levels have returned to a healthy range, while the daily level is below the healthy range. The intraday expectation remains consolidation, with support at 2900-2950 and resistance at 3050-3100.