12.13

BTC
Yesterday’s sharp decline in US stocks and tech stocks dragged Bitcoin down. The main reasons are still poor liquidity and low investor sentiment. Therefore, if liquidity does not improve or if there are positive stimuli for the cryptocurrency sector, sentiment-driven movements will be relatively difficult. Starting next week, more macroeconomic data will be released, especially unemployment rate data, which is currently the focus. If the unemployment rate continues to rise and the job market weakens further, the probability of the Federal Reserve cutting interest rates in January remains quite high. From a technical perspective, Bitcoin has been oscillating around the 89,000 to 93,900 range that we are watching, and it has not stabilized above 93,900. At the same time, both the main chart and the auxiliary chart face short-term resistance. Therefore, at this level, it is important to watch whether a breakdown below 89,000 could lead to a movement back toward 85,000. In simple terms, if this level does not break higher, then be alert to a downward move leaving a range, with support at 89,000-84,800 and resistance at 93,900-96,400.

ETH
Ethereum is very weak. It surged upward to induce a high, then quickly retraced. The current major direction is not yet stabilized, but this level warrants attention as a potential exit point on the daily chart. However, the prerequisite is to watch whether the level at 30,30 breaks downward. If it breaks, it will likely trade around 2,800. Support levels are at 30,30-28,20, with resistance at 31,50-33,00.