The Christmas holiday has just passed, and market liquidity remains tight. Such periods often have a ripple effect, where even the smallest movements can trigger chain reactions.
Regarding Bitcoin, the market is still oscillating on the right side, with no clear breakout signs. The key level to watch is 84,700— as long as it holds, there is room for further testing upward. But honestly, trading around this level requires utmost caution; both bulls and bears should be careful. In the short term, it’s a consolidation phase, with support between 86,700 and 84,700, and overhead resistance at 88,400-89,700.
Ethereum faces a similar situation. 2,800 is a dividing line—holding above it offers an upward opportunity. If it breaks below, the target drops toward around 2,550, but I think this area might actually present more opportunity than risk. Currently, there’s no clear directional choice; consolidation remains the main theme. Support levels are at 2,850-2,785, with resistance at 3,952-3,020.
The key moving forward still depends on the period around New Year’s Day, especially the foreign capital allocation trends in the new year, which could become a turning point for the market direction. For now, patience is the most important; don’t let the holiday’s relaxed market conditions lead you astray.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
TideReceder
· 9h ago
Holiday market conditions are like this, easy to get trapped. 84700 really needs to hold, or it will drop again.
The most annoying thing right now is that funds are on vacation, and any random news can hit the market.
Wait until New Year's Day and see how foreign capital moves; there might be a turning point.
Being tortured by volatility is tough, both bulls and bears are having a hard time.
If 2800 breaks, Ethereum will continue to fall, and then it will be the time to buy the dip.
View OriginalReply0
BearMarketSurvivor
· 9h ago
Liquidity crunch makes it easiest to get trapped; if the key level at 84700 can't hold, it will be troublesome.
Let's wait for the news on funds around New Year's Day. Making big moves now could easily lead to being swept.
2800 looks stable, but I still think entering around 2550 is a better position.
Holiday market is just idle; don't be fooled into getting in, brothers.
Both bulls and bears need to be cautious; this is the best time for the harvest of leek-cutting.
For now, just observe. Don't mess around without a clear direction.
View OriginalReply0
UncleLiquidation
· 9h ago
Honestly, right now it's just a gamble on how foreign capital will move after New Year's Day, otherwise it's a frustrating and unprofitable oscillation game.
View OriginalReply0
ProbablyNothing
· 9h ago
The holiday enthusiasm hasn't faded, and the market is already making our hearts race... This time, you really need to hold onto your kidneys; if you're not careful, you'll get cut.
That 84,700 line is really crucial; if it breaks, it will be troublesome. Holding it is the key to hope.
Ethereum is even more frustrating. If 2800 is also lost, it might be game over.
Let's wait for the capital movement around New Year's Day; maybe that's the real turning point.
View OriginalReply0
ChainChef
· 9h ago
nah this recipe's still simmering, no clear flavor profile yet. btc's stuck between those lines like ingredients that won't blend properly 84700's the make or break ingredient here fr fr
Reply0
AllInAlice
· 9h ago
The holiday market trend is really testing patience; stay calm and don't make reckless moves.
Wait for the New Year's wave; only then will foreign funds enter and reveal the true picture.
If 84,700 can't hold, I'll cut losses; I don't want to be trapped.
Around 2,800, I actually want to buy the dip; feels like a good opportunity.
This pace really requires patience, or you'll just get cut.
View OriginalReply0
ForkLibertarian
· 9h ago
It's another situation where the choke point is at a critical position, I hate it the most, and it's hard to find a way out.
Wait, is liquidity still tight? Then I should wait a bit longer, no rush to make a move.
Is the 84700 level really that crucial? Feels like every time it's said, but as soon as I poke, it breaks.
If 2550 really drops to that level, I think about going long in reverse, the risk-reward ratio is pretty good.
New Year's Day is the real turning point; holding coins and sleeping is the easiest way now.
Honestly, compared to watching the charts, I want to know when big funds will enter; that's the real signal.
Ethereum feels more boring than Bitcoin; everyone is just killing time.
Hearing you say that, I actually don't want to move anymore. Maybe wait until the direction is clear before jumping in.
The Christmas holiday has just passed, and market liquidity remains tight. Such periods often have a ripple effect, where even the smallest movements can trigger chain reactions.
Regarding Bitcoin, the market is still oscillating on the right side, with no clear breakout signs. The key level to watch is 84,700— as long as it holds, there is room for further testing upward. But honestly, trading around this level requires utmost caution; both bulls and bears should be careful. In the short term, it’s a consolidation phase, with support between 86,700 and 84,700, and overhead resistance at 88,400-89,700.
Ethereum faces a similar situation. 2,800 is a dividing line—holding above it offers an upward opportunity. If it breaks below, the target drops toward around 2,550, but I think this area might actually present more opportunity than risk. Currently, there’s no clear directional choice; consolidation remains the main theme. Support levels are at 2,850-2,785, with resistance at 3,952-3,020.
The key moving forward still depends on the period around New Year’s Day, especially the foreign capital allocation trends in the new year, which could become a turning point for the market direction. For now, patience is the most important; don’t let the holiday’s relaxed market conditions lead you astray.