Tracking real-time hot topics in the cryptocurrency circle and seizing the best trading opportunities. Today is Monday, December 23, 2024. I am Wang Yi Bo! Good morning to all cryptocurrency enthusiasts ☀ Hardcore fan check-in 👍 Like and make a fortune 🍗🍗🌹🌹

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The whole weekend is still in a state of sluggish trading volume. It is obvious that small institutions are withdrawing funds after the Fed explicitly reduced the frequency of interest rate cuts in 2025. However, this does not mean the end of the bull market, because the underlying structure has not changed, the interest rate cut only extends the time, it does not mean no interest rate cut. There are still two opportunities for interest rate cuts in 2026, and the short-term surge may turn into a slow bull. The biggest reason for the inability to decline in the short term is that the biggest supporters of the currency circle have not spoken, and even Trump is still bottom fishing. Why dare not to hold it? Especially many currencies have not reached historical highs. At this stage, Bitcoin is still outstanding, and Ethereum has not even touched the previous high point of 4800, and there is still room for growth. At least this bull market will make it easy for Ethereum to break a new high. The current trend will mainly be oscillating, and will continue to oscillate until the later large funds take over.
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The price of Bitcoin fell again last night, reaching the 94200 level in the early hours of the morning before stopping. After two days of volatile recovery over the weekend, the bearish trend has not changed, especially after the significant declines on the 20th and 19th. The market sentiment is leaning towards the bearish side, and a sense of panic and unease pervades the market. In the 4-hour cycle, the price trend is like a dramatic roller coaster. A brief high point was formed near 97000, followed by a continuous decline in price. The adjustment is still ongoing, leaning towards a pullback after the pressure drop. The 4-hour chart is testing the 93500 level, which has not been breached yet. If it breaks below, the bearish trend will further decline, and attention should be paid to the key support level of 90000 below.
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On the Ethereum side, it has been weakening in recent days, with minimal rebound strength and gradually lower highs and lows, indicating a more obvious bearish trend. On the daily chart, there is a continuous bearish structure with consecutive long shadow candles. The overhead resistance is evident. In the short term, the bearish trend is even more apparent, showing a slow and gradual decline, with intermittent rebounds but with the possibility of a further downside breakthrough. If there is not enough momentum for a direct breakthrough and recovery, it will rely on the assistance of secondary volatility. In the short term, pay attention to the resistance at 3420. If the rebound fails to break through, continue to follow the trend and look for a further downside towards the 3020-3100 support level, which is the lifeline on the daily chart.