12.5 Evening #十二月行情展望 Analysis

At present, BTC's trend appears weak but actually shows resilience at key levels. On the 4-hour candlestick chart, candles with long lower shadows are a sign that bulls have successfully resisted the bears' attacks. On the 1-hour timeframe, the price quickly rebounded after touching 90822, highlighting that the support area below is a strong defense for the bulls.

Bears failed to push down with volume at this level, indicating weakening momentum and reduced selling pressure. This pullback looks more like a healthy correction to the previous rally, aiming to shake out weak hands rather than a trend reversal. As long as the critical 90800 level is not broken through on a closing basis, the market structure remains in a phase of consolidation and repair, and the uptrend is intact.

The current market shows a "weak rebound" pattern. Although the rebound is slow and repetitive, it lays the groundwork for a future rise. This suggests that market sentiment is recovering from panic, and bullish confidence is gradually being rebuilt at lower levels. The more thorough the consolidation, the stronger the foundation for a future breakout.

In summary, a positive outlook is warranted for the coming sessions. The market is in an "accumulation" phase; holding the key support means every pullback is an opportunity for bulls to gather strength. There is still room for a rebound. Although the path is winding, the direction is leaning towards recovery and upward movement. At this time, patience and holding the key levels are essential.

• BTC can go long around 91500, with a target of 93500.

• ETH can go long around 3110, with a target of 3200.