#数字资产市场洞察 Market Quick Note ~ December 22, 25

Today's data at a glance:
The Crypto Fear and Greed Index has reached 25 (up from 20 yesterday), still oscillating in the extreme fear range. The new Federal Reserve voting members for next year have already signaled a "hawkish" stance, meaning they intend to keep interest rates frozen until spring, with inflation remaining a major issue. The market is betting that the probability of a 25 basis point rate cut by the Federal Reserve in January has dropped to 22.1%.

Last week, the Bitcoin spot ETF had a net outflow for four consecutive days, totaling $497 million, but the net asset value still amounts to $11.487 billion.

How to view the technical aspect:
The four-hour chart keeps oscillating between the middle and upper bands of the Bollinger Bands. Although it has held above the lifeline, the rebound in trading volume has not followed suit. The daily chart is being pressured by the two levels of 90500 and 89500, and there hasn't been an effective breakout yet. The indicators on the smaller timeframes seem to show a demand for a rebound, but the downtrend on the daily chart is still present.

On Christmas Eve, the market is prone to oscillate and create false breakouts, which is a common practice.

$BTC Reference Position:
Support: near 87400, 86800, 85800
Pressure: around 89500, 90500

$ETH Reference position:
Support: around 2945, 2894, 2850
Pressure: around 3050, 3150

Increased volatility during the holiday period is highly probable, and the phenomenon of needle insertion will occur frequently. If there is a significant rebound, remember to take profits in a timely manner and not to be too greedy.