The atmosphere of the New Year is indeed very good, combined with the sluggish market conditions, there isn't much room for operation. Every day feels like being in a drunken stupor. The rebound last night was also the first decent rebound after a long period of market silence.
The rebound strength of Bitcoin is slightly weak, with resistance around 71000 as previously mentioned. The rebound did not surpass the 70000 mark before starting to decline, and it is currently hovering near the support around 67800, with a trend towards the resistance at 71000.
The highs and lows of Ethereum are still within the range we mentioned before, with resistance around 2150 still unbroken. Short-term support is near the 2000 mark, and currently, it is in a trend of oscillation and correction.
The riots in Mexico have raised some concerns about the World Cup this year, and this city happens to be one of the host cities. The collapse of one party's power could disrupt the balance among various forces, and this balance is difficult to restore in the short term. This is also one of the reasons for the recent decline in fan tokens.
I still hold Santos, Lazio, Porto, as well as ATM and CHZ, and I won't easily adjust my positions until a new market emerges. Good things are coming, so everyone should keep their bullets ready.
#ETH trend analysis