Liang Qiu: 12.5 Bitcoin/Ethereum Phase Correction, Focus on Subsequent Pullback Strength

Bitcoin/Ethereum has experienced a short-term sharp drop followed by a rebound from last night until now, in a critical price level gaming phase. In yesterday's analysis, it was mentioned that the first support at 90500 to 91000 and 3050 to 3100 was effective, and a rebound was initiated. Here is today's specific analysis:

Bitcoin was consolidating at a high level between 92800 and 94000 yesterday. In the evening, it was impacted by the U.S. initial jobless claims data, dipping to a low of 90842 before quickly rebounding, currently hovering around 92000. On the technical side, the key resistance area is between 93000 and 95000. If it breaks through with volume, it is expected to move towards 100000; the support area is mainly focused on the range of 89500 to 90000, with further support at 88000 to 88500. If it falls below, it may trigger a deep correction. Additionally, Trump's plan to nominate a crypto-friendly person as SEC chairman and the expectation of Fed rate cuts provide macro support.

Ethereum's trend is linked with Bitcoin but with greater volatility. It surged to 3240 yesterday before fluctuating, then synchronized with a drop to a low of 3065 in the evening. It has currently rebounded to 3190 before pulling back again. From a technical perspective, the hourly RSI has risen from the oversold area to the neutral zone, indicating that the oversold correction is completed. The key support levels are the low of 3064 and the 3100 mark, with resistance concentrated in the range of 3180 to 3220, and strong resistance at yesterday's high of 3240. On the fundamental side, there is support from the Fusaka upgrade, and on December 1, ETH ETF saw a net inflow of $180 million, with institutional holdings exceeding $13 billion, showing clear signs of capital inflow that supports the price.

Trading suggestion: Short Bitcoin around 92100 to 92500, target 90500-89500; Short Ethereum around 3170 to 3190, target 3100-3050, if broken, continue to look down. #比特币VS代币化黄金 #美SEC推动加密创新监管 #加密市场观察