Gate 2025 End of Year Community Grand Celebration January 7 Bitcoin Ethereum Market Analysis

Bitcoin appeared at a secondary high accompanied by a rapid sharp decline. Currently consolidating horizontally; if it rallies again, it will form a bearish divergence. The 94,500-95,000 range has faced multiple pressure points, forming a double top structure. The 4-hour level shows a death cross callback signal, which may represent a larger-scale bearish opportunity. Ethereum has basically recovered its losses with relatively stronger performance, but whether it can test 3360 remains uncertain. Short-term participation in rebounds is possible, but the medium-term logic aligns with Bitcoin, maintaining a framework of "long short-term, bearish medium to long-term."