Bitcoin rebounds, Ether shows slight recovery, altcoin fundamentals are unstable, is there hope for a breakthrough by Christmas? 🎄

Will this year's "Christmas rally" arrive as scheduled?

After this week, the US stock market will enter the most special golden week of the year. After the market corrected last weekend, it has shown a certain rise. The Federal Reserve has just cut interest rates to provide some warmth, and many people will feel that this wave of Christmas red envelopes is secured.

Hold on! If you think the Christmas market is just about making a last-minute rush buy in December with your eyes closed, then this is likely to make you extremely uncomfortable. The real Christmas market is actually a very precise seven-day window, and it is not the so-called universal celebration as the market claims, but rather a "surprise attack under thin liquidity."

At this time, what needs to be done is to engage in penetrating games, rather than following the market's so-called chase the rise and kill the fall. Emotions should not be too heavy to avoid pressing too deep. Currently, after the interest rate hike in Japan, there has not been a very ideal decline, and the low support has not been broken. This round of rebound is not the beginning of your dream about a bull market.

Returning to the market, the rise on Christmas Eve leads the market; substantively, it is a fluctuation. As long as the upper level cannot break through the resistance, an effective upward trend cannot be established. After all, the bottom support is still looking up at the rebound strength. If the resistance is not broken, it cannot be defined as a trend rebound; it is just a normal market range movement. At this time, it should be handled as fluctuation.

The four-hour chart of Bitcoin shows a strong bullish candlestick, and the technical indicators are all signaling bullishness. However, in terms of market movement, caution is still advised in operations. The candlestick continues to form upper shadows, which indicates insufficient strength of the bulls. For now, it's not advisable to consider chasing highs, as the daily chart has not stabilized above the midline. Overall, it still revolves around a slight transition to bearishness!

During the day, Bitcoin is hovering around the pressure area of 90500-91000 for short positions. Even if it breaks the upper pressure, there’s no need to panic. A good point to add to positions is around 92000. If it breaks 92000, then consider defending the positions on hand. For Ether, short positions around 3080-3100 are advised, just keep in sync with Bitcoin overall.

Bitcoin/Ether's market this month doesn't need much discussion, currently there are no reverse loss orders, to make a long story short, everyone is just a witness, finally wishing all Jiu Ling fans smooth trading...#2025你关注哪些赛道？ $B