Key Support Levels

$2,900 - $2,920: The main area of contention between bulls and bears recently; a break below could intensify the short-term downtrend.
· $2,775 - $2,800: Important support zone. If broken, the next target could be around $2,720**, or even near $2,623.
· $2,716: Considered by multiple analysts as a key support level requiring close attention.

Key Resistance Levels

$BTC ‌$2,925 - $2,950: The first resistance zone above, which needs to be broken to ease short-term downward pressure.
· $3,000: A core psychological barrier and a critical point to determine if the trend can turn stronger.
· $3,080 - $3,120: Next resistance levels if successfully surpassing $3,000.

📊 Market Background and Trading Points

Based on recent information, the market mainly exhibits the following characteristics:

1. Technical battle between bulls and bears: Price fluctuates near key support levels, with mixed technical indicator signals.
2. Facing selling pressure: Includes outflows from institutional ETFs and "whale" addresses reducing holdings, exerting short-term pressure on prices.
3. Potential medium-term positive factors: Market attention is on the expected network Gas limit upgrade in January 2026, which could provide fundamental support for medium-term trends. $ETH