Currently, Bitcoin and Ethereum are both in a downward channel on the daily chart. Bitcoin has not yet confirmed a breakout, but it has shown signs of attempting to build a bottom during two daily touches of the low (around 80600 and 84000).

The combination of bullish and bearish candlesticks on the 1st and 2nd also reflects the possibility of short-term consolidation and accumulation, creating conditions for subsequent upward momentum.

The upper resistance of the current downward channel is located in the 96,000–98,000 range. If it can strongly break through this area, it can be viewed as a signal of channel breakout and trend reversal, which is also the key resistance area to watch in the short term.

If it fails to directly attack this, it will gradually converge and consolidate in a time-for-space manner. Once the channel naturally narrows, as long as it can stabilize above 93,000 after December 20 (as time goes by, the channel resistance will gradually move down), it can also confirm an effective breakout of the downward channel and initiate a reversal trend.

Once the breakout is confirmed, the subsequent trend can observe two phase targets:

First phase: After stabilizing in the 96,000–98,000 range, it is expected to advance towards the previous high of 104,000–108,000;

Second phase: Looking further upward in the 116,000–120,000 range.

Conversely, if it consistently fails to effectively break through the aforementioned resistance area, the market will continue to maintain a consolidation pattern, and confirmation of trend reversal will still need to wait.

The above analysis is based on the right-side breakout logic, and the clarity of the trend still requires actual price breakout for verification. $BTC $ETH #比特币VS代币化黄金