Liangqiu: 12.4 The Underlying Logic Behind the Strong Surge in Bitcoin/Ethereum

Both Bitcoin and Ethereum have shown strong upward momentum in recent days, breaking through key technical resistance levels with multiple bullish news catalysts providing support. However, there is also short-term pullback pressure. Here is a detailed market analysis:

Bitcoin is currently priced around 93,500, with an early high reaching $94,127 and a 24-hour gain of 3.00%. Previously, it rebounded strongly from a low near $84,000 on December 1, recovering significant ground in just a few days.

On the technical side, the daily chart has entered the main upward phase of the rebound, breaking through the strong resistance zone of 93,000 to 94,000 on increased volume. The RSI indicator has moved from the oversold zone into the strong area. On the four-hour chart, seven consecutive bullish candles have formed, challenging the 94,200 resistance level. However, a TD Sequential 9 signal indicates a potential short-term technical pullback. Subsequent resistance levels are at 96,000 and 98,000, while support lies at around 92,000, and from 90,500 to 91,000.

Bullish drivers: The daily MACD red bars continue to lengthen, and the rally is accompanied by a significant increase in trading volume, clearly signaling new capital inflows. The opening of crypto ETF trading by Vanguard, rising expectations of Fed rate cuts, and other factors also provide strong capital support.

Ethereum's trend is even stronger than Bitcoin’s, currently priced around 3,190, with a daily gain of 6.82%. It successfully broke through the key resistance range of 3,100 to 3,200 during the day, after forming a solid multi-bottom structure in the 2,720 to 2,850 area.

Technically, the daily chart has exited the downward channel that had persisted since last month, establishing a new upward trend. The MACD continues to expand with increased buying, and the KDJ shows a golden cross with an expanding trend. However, there is technical divergence: while an ascending triangle pattern suggests further gains, a bearish flag pattern signals risk. The next resistance levels are at 3,350 to 3,400 and around 3,500, with support at 3,100 to 3,050 and 2,950 to 3,000.

Bullish drivers: On-chain data shows new address growth exceeding 13%, with institutions like BlackRock continuing to buy the dip. The upcoming Fusaka upgrade and booming Layer2 ecosystem also provide long-term value support.

However, both cryptocurrencies need to be wary of short-term selling pressure from profit-taking, and there may be pullbacks to retest the breakout levels for confirmation, making investment risks relatively high and requiring cautious decision-making. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50