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Here we go again! $BTC is at $89,000 and $ETH is at $3,000, testing the patience of the bulls once more. Can it break through? We'll know by tonight's performance.
The market is currently stuck at these key resistance levels, repeatedly testing, with neither bulls nor bears able to make a decisive move. The real direction will be decided in the next one or two days.
The Christmas holiday has had a significant impact. Major institutions in Europe and America are on holiday, and market liquidity has dried up, making it very awkward—small amounts can cause big fluctuations. The dip this morning and rebound at noon, frankly, are the result of low liquidity leading to short-term clashes between the two sides. Plus, there are $23-27 billion worth of Bitcoin options expiring today, which was supposed to be a big event, but in the context of light trading, it has become even more unpredictable.
Bitcoin repeatedly approaches $89,000, and this level is no easy hurdle. The daily midline and several recent rebound highs are clustered here, creating real pressure.
If it truly breaks and holds above $89,000, the next target is the $90,000 round number, or even higher. Conversely, if it surges and then falls back again, the support zone below is at $86,000-$86,500. Once broken, the correction will accelerate.
Ethereum's situation is similar. $3,000 is a dead zone; it has been tested multiple times and pushed back each time, showing strong resistance. To move higher, it must break and stabilize above $3,000 to have a chance to reach $3,050-$3,100. If it can't push through, watch out for a return to the support zone at $2,880-$2,900.
The strategy is simple: wait until Bitcoin strongly breaks above $89,000 or Ethereum stabilizes above $3,000, then go in with a small position, targeting the upper resistance levels. Don't chase the highs; timing is everything.