Following a weekend of sideways consolidation, the market opened the week with strong gains. This rally comes despite disappointing news from Japan, where interest rates were unexpectedly hiked rather than cut. However, as discussed previously, year-end performance reports are anticipated to be resilient, and asset quality continues to improve.
Technical Outlook:
Currently, both the 1-hour and 4-hour charts remain above the zero line, suggesting that a rapid sell-off is unlikely. The current oversold bounce is expected to persist, depending on whether the market can overcome overhead resistance or face a pullback following today’s growth.
Bitcoin (BTC):
Focus: The primary focus is the breakout of the 90,500 level, where price has hovered for a week. A high-volume break above this mark will test resistance near 92,500.Support Levels: If 90,500 fails to hold, BTC will likely retest support at 87,500 and 86,500.Trend Bias: The 86,500 level represents the low from Friday’s US session correction. As long as this level holds, the short-term bullish bias remains intact. Short positions should only be considered at major resistance levels; shorting elsewhere is currently unfavorable.
Ethereum (ETH):
Current Status: ETH is trading around 3,030, a key Fibonacci resonance point, after a second breakout attempt reached 3,060.Outlook: If the price maintains its position above 3,030 and stays clear of the 3,000 psychological floor during pullbacks, another sharp upward move is likely tonight.Targets: The next objective lies in the 3,130–3,150 range (the 0.5 Fibonacci level). The probability of a reversal at this strong resistance remains high.Critical Support: Below, the key level is 2,930 (Friday’s low). As long as ETH stays above 2,930, the bulls maintain the upper hand.
Final Advice:
As the year draws to a close, avoid the urge to chase aggressive gains or make revenge trades to cover losses. Protect your capital and do not be swayed by minor dips.
Stay disciplined—next year is going to be remarkable. Trust the process.
