12.27

The day after Christmas, the US stock market opened with a wave of decline. However, the pullback in US stocks was relatively mild, with Bitcoin experiencing a slightly larger correction. In this liquidity environment, it is understandable; often, a decline without reason reflects investor sentiment.
One year ago today, the market sentiment was also poor, mainly due to the Federal Reserve's actions. Investors were still expecting whether Trump could come out to rescue the market. Now, after a year, aside from the lingering shadow of the Federal Reserve, Trump doesn't seem as interested in BTC and cryptocurrencies anymore.
January is very likely to see the Supreme Court's ruling on Trump's tariffs. Removing tariffs may cause some short-term market turbulence, but in the long run, it reduces concerns about inflation. Additionally, the Federal Reserve chair candidate should be announced soon. Although everyone probably has an idea, the announcement should still help boost market sentiment slightly.

BTC
Bitcoin was dragged down by US stocks yesterday, forming a "door" pattern, but the correction has not ended, and no clear direction has emerged. However, from the current chart, the support at 84,700 remains relatively strong. The idea remains the same: as long as this level holds, there is a chance for a rebound. Even if the daily chart shows a downward pin, it can still be a good entry point. Currently, the weekend is mainly characterized by consolidation, and the market needs a breakout point. Patience is key; continue to maintain the bearish trend. Support levels are at 86,700-84,700, with resistance at 88,000-90,000.

ETH
Ethereum, combined with Bitcoin, is mainly observing the daily chart for a bottoming pattern. As long as it stays above 2,816, there is a chance to move upward. The strong support zone below is between 2,550 and 2,820. If the price reaches this range, it can still be considered for entry. In the short term, focus on consolidation, with support at 2,900-2,820 and resistance at 2,974-3,030.