Bitcoin and Ethereum have both shown strong upward momentum in recent days, with technical breakthroughs of key resistance levels and multiple favorable news factors providing support. However, they also face short-term pullback pressure. Below is a specific market analysis:

Bitcoin is currently priced near 93,500, with an early high of 94,127 USD, and a 24-hour increase of 3.00%. Previously, it rebounded strongly from a low near 84,000 USD on December 1, recovering much of its losses in just a few days.

On the technical side, the daily chart has entered the main rebound phase, with increased volume breaking through the strong resistance zone of 93,000 to 94,000. The RSI indicator has pulled up from the oversold area into the strong zone. On the four-hour chart, there have been seven consecutive bullish candles, challenging the 94,200 resistance level, but a TD Sequential 9 signal has appeared, indicating a short-term technical pullback may be needed. Subsequent resistance levels are at 96,000 and 98,000, with support at 92,000 and around 90,500 to 91,000.

Bullish support: The daily MACD red bars keep extending, and the continuous surge is accompanied by a significant increase in trading volume, clearly signaling new capital inflows. The opening of cryptocurrency ETF trading by Vanguard and rising expectations of Fed rate cuts also provide financial support.

Ethereum’s performance is even stronger than Bitcoin, currently priced near 3,190, with an intraday increase of 6.82%. It successfully broke through the key resistance range of 3,100 to 3,200, having previously formed a solid multi-bottom structure in the 2,720 to 2,850 region.

Technically, the daily chart has exited the downward channel that started last month and established a new upward trend. The MACD continues to show increased volume and accumulation, and the KDJ indicator shows a bullish crossover with an expanding trend. However, there are also divergences on the technical side: while an ascending triangle pattern suggests further upside, a bearish flag pattern signals possible risk. Subsequent resistance levels to watch are 3,350 to 3,400 and around 3,500, with support at 3,100 to 3,050 and 2,950 to 3,000.

Bullish support: On-chain data shows new address growth exceeding 13%, with institutions like BlackRock continuing to accumulate. The upcoming Fusaka upgrade and the flourishing Layer2 ecosystem also provide long-term value support.

However, both face the risk of short-term profit-taking pressure, and after breakthroughs, there may be pullbacks to confirm the effectiveness of the breakout. Investment risk is high and decisions should be made cautiously. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50