The cryptocurrency market has maintained a narrow range of fluctuations throughout the day, with Bitcoin and Ethereum lacking sufficient rebound momentum, caught in a range-bound game, waiting for significant data and core events in the evening to guide direction. Current market sentiment is cautious, with trading volume continuing to shrink. Under the influence of multiple macro variables, the evening market is likely to break the deadlock of sideways movement.

In terms of intraday performance, Bitcoin rebounded from a low in the morning to around the 90,000 mark, but the upward momentum quickly diminished. It has been oscillating in a narrow range between 90,300 and 89,700, with both bulls and bears engaged in a tug-of-war around the 90,000 integer level, lacking clear directional guidance. Ethereum similarly rebounded above the 3,000 mark, peaking at 3,030 before facing pressure and retreating, subsequently consolidating in the 3,030-2,990 region. The 3,000 mark serves as a recent pivot point for oscillation, making gains and losses crucial for short-term trends, with the bulls and bears currently locked in a stalemate.

The technical indicators present clear conflicting signals, with a trend of recovery coexisting with pressure risks. On the four-hour level, the dual-coin MACD indicator is slowly expanding above the zero axis, while the RSI indicator has turned upward from the oversold zone and is tending to flatten, confirming the short-term demand for a rebound from oversold conditions. However, the rebound strength is limited, failing to form an effective breakthrough. On the hourly level, signs of pressure are evident, with the stochastic indicator turning downward after reaching the overbought zone, suggesting that short-term rebound momentum has been exhausted and there is a risk of a pullback. Overall, the technical pattern indicates that the market is likely to maintain a weak oscillation pattern in the evening, requiring external events to break the balance.

The evening will see multiple key events and data, becoming the core variables for breaking the market deadlock. The U.S. Core PCE Price Index for November, to be released at 23:00, is the inflation indicator most valued by the Federal Reserve and will directly impact interest rate cut expectations—data above expectations will suppress easing expectations, negatively affecting high-risk assets; data below expectations may boost market sentiment. Concurrently, the initial jobless claims data for the week will reflect the resilience of the job market; if the data rises, it may strengthen expectations of economic cooling, indirectly benefiting risk assets. Additionally, the European Central Bank's monetary policy meeting minutes for December, to be released at 20:30, along with the EU's response meeting regarding Trump's tariff threats, will influence global risk appetite. If signals of geopolitical or trade tensions are released, it may trigger risk-off selling pressure, affecting the cryptocurrency market.

In the evening, it is essential to focus on key price levels. Short-term resistance for Bitcoin is concentrated around 91,000 and 92,500, while support is based on the 89,000 and 88,000 levels, with 88,000 being the recent lower boundary of oscillation and having strong support. For Ethereum, resistance is seen at 3,080 and 3,160, while the core support is at the 2,900 level, with a loss of this position potentially triggering further pullbacks. It is advisable to remain cautious, observing with light positions before data is released, and to position accordingly once direction is clear.

This article is exclusively contributed by Jian Crypto (follow the official account: Jian Crypto) and represents personal views only. Due to the timing of the article's release, the above views or suggestions may not be timely and are for reference only; risks are borne by the reader. Manage positions reasonably in trading, and avoid heavy or full positions. Developing good investment habits is essential for a positive cycle!

Market fluctuations are time-sensitive; feel free to scan the QR code to follow the official account for daily market information and real-time communication.

Friendly reminder: This article is solely owned by Jian Crypto (as shown in the image above), and any other advertisements at the end of the article or in the comments section are unrelated to the author!! Please discern carefully between true and false, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。