Next week, market liquidity is about to fully return!
The year-end market has been continuously volatile, with liquidity severely dried up. The Federal Reserve's rate cut timing remains uncertain, and most participants are choosing to take year-end vacations and wait, watching for clear signals of rate cuts from the Fed. Next week, the non-farm payroll report and ISM series surveys will be released, which will break the current stalemate and drive market volatility and liquidity to rise simultaneously.
BTC Overall still in a consolidation range, with a clear bullish trend on the four-hour chart, but a Evening Star pattern has appeared, and the MACD indicator shows a divergence between price and volume, limiting upward momentum. Short-term, it’s unlikely to continue rising. Avoid chasing high midstream; before a clear trend emerges, set short positions above the daily resistance. Watch the 8820 level intra-day; if broken, the subsequent downward correction will intensify.
Around the 9000-9050 range, target below 8820 to 8750-8520 if broken.
ETH Around the 3052-3073 range, target below 2996 to 2962-2888 if broken.
Short-term trading should be flexible and adaptable; defensive strategies depend on your actual position!
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January 2nd BTC/ETH Analysis:
Next week, market liquidity is about to fully return!
The year-end market has been continuously volatile, with liquidity severely dried up. The Federal Reserve's rate cut timing remains uncertain, and most participants are choosing to take year-end vacations and wait, watching for clear signals of rate cuts from the Fed. Next week, the non-farm payroll report and ISM series surveys will be released, which will break the current stalemate and drive market volatility and liquidity to rise simultaneously.
BTC
Overall still in a consolidation range, with a clear bullish trend on the four-hour chart, but a Evening Star pattern has appeared, and the MACD indicator shows a divergence between price and volume, limiting upward momentum. Short-term, it’s unlikely to continue rising. Avoid chasing high midstream; before a clear trend emerges, set short positions above the daily resistance. Watch the 8820 level intra-day; if broken, the subsequent downward correction will intensify.
Around the 9000-9050 range, target below 8820 to 8750-8520 if broken.
ETH
Around the 3052-3073 range, target below 2996 to 2962-2888 if broken.
Short-term trading should be flexible and adaptable; defensive strategies depend on your actual position!