12.24

Yesterday, the GDP growth of the United States for the third quarter was announced to be quite good, far exceeding expectations, but the impact on risk markets was very weak. This is mainly because the market is worried that a too-good economy will hinder the Federal Reserve from cutting interest rates in 2026. This concern prompted Trump to give a speech, with the essence of his message being a call to trust the Federal Reserve Chairman to lower interest rates. Trump feels powerless regarding Powell, and all that's left is to wait for the end of Powell's term.
On Christmas Eve today, the US stock market will close early, with a shortened trading session, specifically closing at 2 AM Beijing time on the 25th.
The U.S. stock market is closed all day on Christmas Day (December 25) and will not conduct any trading activities.

BTC
Bitcoin has entered a stage of sideways adjustment again. Currently, the rebound has low volume, and this week is the New Year abroad, so trading volume won't be very high. At the current position, from the weekly level, Bitcoin has indeed not adjusted properly. What to pay attention to next is the adjustment at the daily level, and we are facing the position of 84700. If it does not break and continues to fluctuate on the right side, it will form a triangular pattern of fluctuations, and its fluctuations will get closer and closer to a directional choice. Therefore, in the short term, it still focuses on sideways adjustment, with support at 86000-84700 and resistance at 88480-90000.

ETH
Ethereum is following Bitcoin closely. At this position, we still need to pay attention to whether the 2800 level can form a long-term support for a right-side oscillation. If not, it will still fluctuate around the range of 2550 to 2800. The market trend during this period is not primarily focused on repeated oscillation and liquidation. Support is at 2820-2780, and resistance is at 2969-3050.