#数字资产市场动态 12.31 Morning Session BTC/ETH Market Quick Read

From the four-hour K-line chart, after this rapid upward movement, Bitcoin did not crash all at once. Instead, it digested the selling pressure above through a correction. Throughout the retracement, the bottom remained above the key support levels, indicating a pattern of a correction that does not break the support and a still-active upward trend.

Currently, the price has returned to the moving averages, which shows that the bulls haven't run away. Instead, they are engaged in a tug-of-war, fighting for opportunities. As long as the buy orders below can hold, this is more like a normal consolidation in the middle of an uptrend rather than a sign of a top.

Switching to the one-hour perspective, the downward pace has clearly slowed down. The chart mainly shows consecutive small bullish and bearish candles, with each low higher than the previous one. The bearish momentum is gradually weakening, and the bulls and bears are back to a standoff. Short-term technical indicators are also gradually recovering from the weak zone, indicating that recent selling pressure has basically been released. The next trend is likely to be a sideways movement with a slight bullish bias. Whether the current range can be maintained is crucial. Once stabilized, there is still room for further testing above.

Trading reference directions:
BTC: Gradually build long positions in the 87800-88300 range
Target near 90000
ETH: Gradually build long positions in the 2930-2960 range
Target near 3040