12.19

BTC
The current focus of the entire network is on Japan's interest rate decision, which is expected to be announced between 11:00-11:30 by the Bank of Japan. The market remains volatile at this level, with a quick dip yesterday that returned to our 84,700 level without breaking it. In summary, the short-term trend is mainly sideways, as it is a dead time. Additionally, the low liquidity around Christmas and the weekend will be similar before and after Christmas. Bitcoin hasn't fallen much, but many altcoins are gradually declining. Therefore, the current strategy for Bitcoin remains unchanged: 84,700 is still the short-term support level. If it breaks, watch out for 78,500. If the Japanese rate hike causes a downward spike, it can be bought for a short-term rebound, with support at 84,700-78,500 and resistance at 87,700-90,700.

ETH
Ethereum faced resistance at 2972 yesterday, and after reaching that level, it was immediately hit by a large bearish candle, dropping back to the 2800 range. In summary, as long as 2800 is not broken, the outlook remains sideways. Currently, the market is waiting for definitive news and the return of liquidity. In the short term, combined with Bitcoin's position, as long as there is a quick downward spike, short-term rebounds can be attempted, with support at 2800-2665 and resistance at 2960-3070.