12.5 Bitcoin / Ethereum Phase Correction, Focus on Pullback Strength Going Forward

Bitcoin and Ethereum experienced a rapid rebound after a short-term sharp decline from last night to this morning's early session, currently returning to key price levels for a tug-of-war between bulls and bears. The first support levels for BTC 90500–91000 and ETH 3050–3100 provided a strong response, with prices quickly rising after touching these levels, validating the effectiveness of the technical analysis.

Below is today's specific trend analysis and strategy reference.

【BTC Bitcoin Market Analysis】

Yesterday, BTC consolidated at a high level in the 92800–94000 range during the day. In the evening, stimulated by the U.S. initial jobless claims data, the price sharply dipped to a low of 90842 before quickly rebounding, currently oscillating around the 92000 level.

Technical Structure Interpretation

• Upper Resistance Zone: 93000–95000
  A breakout with volume will open up space for a push towards 100000;

• First Support: 89500–90000 Range
  This is an important defensive zone for short-term rebounds;

• Second Support: 88000–88500 Range
  A drop below this level may trigger a deeper correction.

Macroeconomic Support Factors

• Trump plans to nominate crypto-friendly individuals as SEC chairman, injecting positive expectations into the regulatory landscape;

• Expectations for interest rate cuts by the Federal Reserve are rising;

• A rebound in risk appetite for funds provides bottom support for BTC in the overall macro environment.

Overall, BTC is currently in a key resistance area, and there is a possibility of continued pullback and correction in the short term.

【ETH Ethereum Market Analysis】

ETH's movement yesterday was linked to BTC but with greater volatility. It quickly surged to 3240 during the day before starting to consolidate, and in the evening, it fell in tandem with Bitcoin to a low of 3065, then rebounded to 3190 before facing resistance and pulling back again.

Key Technical Points

• The hourly RSI has risen from the oversold zone to the neutral area, indicating short-term recovery is complete;

• Key Support: 3064 Low and 3100 Round Number;

• Main Resistance: 3180–3220 Range;

• Strong Resistance: Yesterday's High of 3240.

Fundamental Positive Factors

• The Ethereum Fusaka upgrade has increased market discussion;

• ETH ETF saw a net inflow of $180 million on December 1;

• Institutional holdings exceed $13 billion, indicating a continuous inflow of funds and a healthy long-term structure.

In the short term, ETH is also in a consolidation phase after a rebound faced resistance, and attention should still be paid to the strength of the pullback.

【12.5 Operation Suggestions (Strategies for Reference Only)】

BTC (Bitcoin)

• Focus on short positions near 92100–92500
  Target: 90500–89500 Range
  If it breaks below 89500, continue to monitor the support zone at 88000–88500.

ETH (Ethereum)

• Focus on short positions at 3170–3190
  Target: 3100–3050 Range
  If it breaks below 3050, continue to look for lower support.

Risk Warning

Strategies are time-sensitive, and there may be delays in article publication.
Market fluctuations are severe; be sure to strictly implement take profit and stop loss, control your position, and avoid blindly chasing trades with heavy positions.

Wishing you successful trading!

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of crypto experts.】

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