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Recently, the price of Bitcoin has been hovering around 95K after the election, with the market rising due to high-level personnel appointments, but this is mainly based on verbal optimism. However, with the news of the Federal Reserve slowing down interest rate cuts, market sentiment has been impacted, leading to a price correction. Nevertheless, this correction may not last long, as the power transition and appointment phase has just begun, and the inauguration of Old Trump on January 20 may bring new excitement to the market.

The holiday effect will lead to low liquidity and market fluctuations, but after New Year's Day, as the new year begins, bulls may have the opportunity to counterattack. Currently, the panic index in the market has gradually dissipated, leaving investors who are either short-term traders or steadfast long-term investors. The Coin Victory Group believes that the fluctuations are a "purification" process of the market, and steadfast investors will laugh last when the game ends.

Ethereum has dropped by 25% during this correction, but historical data shows that significant drops in a bull market often indicate a bottom or a substantial rebound. Ethereum usually performs well in January, especially in the second year after a halving. Although liquidity may further deplete, as long as key support levels hold, the market trend has not changed; it is merely part of the market reshuffling. The Coin Victory Group looks forward to Old Trump's inauguration speech on January 20 bringing positive effects to the cryptocurrency market.

December 20 Bitcoin and Ethereum Market Review and Analysis:

In the afternoon article on December 21, we provided short-selling strategies for Bitcoin and Ethereum, with target prices of 9.75 for Bitcoin and 3360 for Ethereum. The market rebounded to a high of 9.73/3400, then slightly retraced to 3220, with Ethereum shorts successfully capturing a profit of 140 points. Now, facing a narrow range of short-term fluctuations, let's analyze further.

Bitcoin (BTC) Analysis:

Bitcoin's daily line once again closed with a small green K-line yesterday, with the price rebounding to touch the MA5 daily moving average but failing to test the MA30 daily moving average, indicating weak rebound strength. The support below focuses on the MA60 daily moving average at 8.95. If the rebound continues to lack strength and cannot return above the MA30 daily moving average, then in the short term, it may retrace to the 8.95 level. The 4-hour chart shows that the short-term dividing line between bulls and bears is at the MA256 daily moving average at 9.63, and the market is expected to fluctuate around this line.

Ethereum (ETH) Analysis:

The daily chart of Ethereum shows that yesterday's price continued to correct, touching the MA60 daily moving average at 3280. The support and loss of this line are worth paying attention to. If it loses 3280 again, the short term will retrace to the MA256 daily moving average at 3060. The short-term pressure is at the MA256 daily moving average at 3540 on the 4-hour chart, and we need to first pay attention to the breakout situation in this range.

Evening Trading Strategy (Written at 19:30):

BTC: Suggest light short at 9.65, add to short at 9.75, target around 9.6; if it breaks and stabilizes above 9.63, consider light long to look at 9.8.

ETH: Suggest light short at 3400, add to short at 3480, target around 3300; stop loss at 3280/3220 for longs, target 1-150 points.

Medium to Long-term Trend:

Bitcoin needs to focus on the short-term 4-hour MA256 daily moving average (9.64) for support and loss. If it can continue to stabilize above this line, the short-term correction trend may temporarily end. For Ethereum, first focus on the MA60 daily moving average at 3280 for support and loss. If it loses again, the short term will retrace to the MA256 daily moving average at 3060.

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This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. We will continue to monitor market dynamics and update analysis and trading strategies in a timely manner. Thank you for your attention and support. Mainly focused on contracts for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles, mobile lock-up strategies around high and low support and pressure short-term wave highs and lows, medium to long-term trend singles, daily extreme retracements, weekly K-top predictions, and monthly head predictions.

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