12.13
BTC
The sharp decline in U.S. stocks and tech stocks yesterday led to a drop in Bitcoin, mainly due to poor liquidity and low investor sentiment. Therefore, unless liquidity improves or there is a direct positive stimulus for the cryptocurrency sector, it will be quite difficult to drive sentiment. Starting next week, more macro data will emerge, especially the unemployment rate data, which is currently a key focus. If the unemployment rate continues to rise and the job market continues to weaken, the probability of the Federal Reserve lowering interest rates in January is still quite high. From a technical perspective, Bitcoin has been oscillating around the range we are concerned about, between 89000 and 93900, and has not stabilized above 93900. At the same time, both the main chart and the auxiliary chart are facing short-term resistance. Therefore, at this position, we should pay attention; if 89000 is broken, there is a chance to return to around 85000. In simple terms, if this position does not break the high, we should pay attention to the possibility of a downward move, with support at 89000-84800 and resistance at 93900-96400.
ETH
Ethereum is performing very weakly, having quickly retraced after a fake upward movement. At this position, the overall direction has not stabilized, but we should pay attention to a potential exit at the daily level. However, the premise is to watch the 3030 level; if it breaks, it will likely continue to hover around 2800. Support is at 3030-2820 and resistance at 3150-3300.
