2.9 Weekend liquidity is extremely low, slightly rebounding on Sunday, pay attention to risks in the evening, still in a consolidation phase.
Weekly closing mainly bullish above 98, the weekend liquidity does not seem likely to close bullish. The key position above is near 98800, watch if it can break this position at 8 am tomorrow. A stable breakout would indicate further technical potential; if not, next Monday will continue to be a weak market trend and a consolidation phase, so don't have too many expectations.
BTC Daily - 4-Hour Level Market Analysis
The larger trend for Bitcoin is still bullish, as the weekly bottom support has not been broken. The strong logic is not just during the controlled consolidation phase; after the second bottom test, it continues to test lower. A weak bottoming indicates a lack of liquidity and positioning. If next week does not reveal any significant positioning or good news, then the subsequent market will be even less interesting. The focus will be on the CPI results, so do not expect a proactive market before Wednesday and Thursday.
Pressure is around 98800 and 99500; if it comes, shorting should not be a problem. The larger support level is around 94000.
ETH Altcoin Large and Small Level Analysis
Ethereum has completed its second test, with bottom support expected around 2620 to 2580. It appears relatively strong now, having not dropped lower. The major upper pressure is around 3000, and the likelihood of reaching this is low.
Yesterday, it was clear that another bottom test occurred, around 2560; shortly after reaching this position, it went up again. The market is still doing well, successfully rebounding, although the strength is not significant. It is not a strong reversal but still a weak rebound. Upper pressure is around 2750 and 2820; if it reaches these levels and either fails to hold or shows weakness, then directly short down to around 2520 to see the larger support level.
In the new year, I wish everyone a prosperous and healthy New Year. #比特币盘整将持续多久？ #比特币后市
