Bitcoin lacked liquidity over the weekend, with trading volume and volatility significantly decreased, but fortunately, the weekend has ended the selling pressure trend, and last night it returned to around 90000 USD again.
The weekly level has signs of a bottoming out, and currently, there is no reason to see a decline from a macro perspective. The current range is in a position of limited decline and unlimited rise, with a rebound demand expected to appear in the next month.
In Q1 2026, Trump has claimed he will directly issue money, so there is still considerable hope, but specific issues will need to be analyzed at that time.
BTC
Current price is 89240, still in a large volatility market. 89.5K-90K is currently seen as the top pressure level of the fluctuation range (short position). If the breakout fails, it will continue to decline; bullishness requires a complete breakout of this range. Short-term trading should focus on this fluctuating support and resistance position.
The current upper boundary of volatility is at 90500, and the lower boundary is at 87900, with the corresponding short-term resistance at 90777~92410 (do not short) and short-term support at 85710~82569.
The second resistance is 93668~95240 (enter after a breakout and a pullback; only upon reaching, enter on a short-term pullback resistance), the second support is 83540~82650.
External box: Upward, the pressure of 100,000 ±2000U remains unchanged, reference 98110~101116, downward, the support of 79050~78000 is effective, and the support of 75750~74635 is effective.
ETH
ETH has finally stood above the 3000 position after two days of consolidation. Those holding long positions can set a break-even stop loss or take some profits. The next targets are 3144 and 3269.
Today the U.S. stock market opened and retreated slightly before continuing to rise. Those without long positions can wait for a pullback around 2980-2950.
SOL
SOL After three days, the increase has not even reached 3%... it's quite sad. The benefits on the chain are also not good; main funds only recognize BTC\ETH. After a rebound this week, the market will continue to explore new lows.
The maximum pressure this week is 134, where is the highest point of the rebound from 116. Near 133.85 can be a key shorting point, as the risk-reward ratio for shorting here is the highest in the short term. The next shorting point is around 131.5.
LIGHT
LIGHT suddenly crashed in the early morning, and the bulls had almost no time to react. In small coins, this is not an accident; it's a common operation. To put it bluntly: Most people won’t make money with this kind of coin. The cycle is extremely short, the pace is extremely fast, and the outcome is often either sideways distribution or a complete drop to zero.
Currently, the overall position of altcoins is not stable. Don’t rush to go all-in, and don’t be led by a few large bullish candles. At this stage, I prefer to focus on observing $XPIN, $NIGHT, and $BEAT in these directions. Don't rush, don't chase; wait until the structure is clear and signals are given before considering action. The market is not short of opportunities; what it lacks is people who can stay steady when emotions are at their peak.
MERL
MERL has recently touched around $0.5 three times, each time surging up but soon dropping back down, with heavy selling pressure; a typical volume-price divergence. The unlocking volume in December is too concentrated, with 70 million coins coming into circulation over the days of December 12, 15, 16, and 19. Such selling pressure is so certain, yet there’s hardly any decent buying support. The price is likely to slowly decline, and once expectations ferment, it may accelerate downward.
I tend to short on the rise, with my short-term target set at the support around 0.3, and the stop loss placed above 0.52. Anyway, during this period before unlocking, I’d rather stay out than face this pressure head-on.
PIPPIN
PIPPIN has risen over 200 times, and the daily chart shows two peaks followed by a decline; this coin is likely reaching its peak. It’s really a pity that I didn’t see the second peak yesterday.
