1.6

Yesterday, BTC showed a good upward momentum. On one hand, it was due to the correlation with tech stocks. The market responded directly to the US actions against Venezuela. From the Asian time zone in the morning, US stock futures started to rise, and after the US stock market opened in the evening, it continued to climb. This indicates that US and European investors also see this as a positive development. After all, the smooth flow of Venezuela's oil can help reduce global inflation, not to mention that the US plans to develop gold and rare earths together with Venezuela.
Although the price increased nicely, the trading volume did not see a significant surge. This suggests that the current rally is not driven by large capital inflows, and liquidity remains a constraint on cryptocurrencies. However, after 2026, liquidity is also showing signs of rebounding. The focus in 2026 will still be on US monetary policy, with the key being Trump.

BTC
In recent days, the daily chart of Bitcoin has been quite beautiful, with only minor risks at smaller levels. Currently, Bitcoin has reached the upper boundary of the range since November 20th, which is considered a boundary resistance level. Although the daily chart shows a good upward trend here, at smaller levels, there is a phenomenon of stagnation. The current market should pay attention to the weekly resistance level. Next, observe whether it can break below 92800 during the day. If it does not break below 92800, the outlook remains bullish. However, the current position also warrants caution at the hourly level, as the hourly chart is continuously making new highs, but momentum has not kept pace. In summary, in the short term, watch for a small-level pullback that might disrupt the larger structure. If not, expect sideways upward movement, with support at 92800-91000 and resistance at 95000-96800.

ETH
Ethereum is currently facing trend resistance at the daily level. This is a resistance within the downward trend on the daily chart. The overall direction remains unchanged at this position. The major resistance also comes from the weekly moving averages. In the short term, attention should be paid to whether the hourly chart can stabilize during fluctuations. If broken, it could lead to a slight deepening of the daily correction. In summary, watch for small-level pullbacks during the day. As long as it does not break 3180, a rebound to the upside is still possible, with support at 3180-3120 and resistance at 3270-3380.