The market has improved under the favorable influence of CPI, and with Musk contributing again to the crypto market, old MEME coins like DOGE and PEPE have seen some rebounds. This market can be considered as celebrating the New Year.
A few days ago, I mentioned that the range for Bitcoin's wide fluctuations would be between 65000 and 71000. Looking back now, the lowest point in these days was 65118, and the highest point was 70983, which completely aligns with our expectations. This trend has completed, and we are currently in a correction trend, consistent with our expectations from yesterday, with recent support around 68000.
The expected fluctuation range for Ethereum is around 1850 to 2150. The position at 2150 has consistently suppressed Ethereum's rebound, which is currently also in a downtrend, with support around 1900.
A few days ago, I advised everyone to buy ATM near 1.1, and the last post clearly mentioned holding until above 1.5. Now that the target has been reached, there’s no need to linger, and I have taken profits. Wishing everyone a Happy New Year.
#ETH trend analysis