Bitcoin Fluctuates Amidst Bullish Momentum

比特幣在看漲勢頭中波動

Bitcoin's upward trajectory has met with some resistance, raising questions about the sustainability of its momentum. The cryptocurrency currently stands at $104,899, a 1.21% drop after retracing from a peak of $106,214. Nonetheless, the overall trend remains bullish, although signs of fatigue are emerging. Notably, Bitcoin continues to adhere closely to its rising trendline.

比特幣的上漲軌跡遇到了一些阻力，引發了對其勢頭可持續性的質疑。該加密貨幣目前價格為 104,899 美元，從 106,214 美元的峰值回落後下跌 1.21%。儘管如此，整體趨勢仍然看漲，儘管疲軟跡象正在顯現。值得注意的是，比特幣持續緊密遵循其上漲趨勢線。

Despite the pullback, Bitcoin remains above key support levels, maintaining the rally that began in late October. The 50 EMA (Exponential Moving Average) has served as a reliable dynamic support, with the $98,400 and $97,500 levels potentially providing further cushioning against selling pressure. Volume fluctuations should also be closely monitored, as a decrease in buying volume could indicate weakening bullish sentiment.

儘管出現回調，但比特幣仍高於關鍵支撐位，維持了 10 月底開始的漲勢。 50 EMA（指數移動平均線）充當了可靠的動態支撐，98,400 美元和 97,500 美元的水平可能會進一步緩衝拋售壓力。也應密切監控成交量波動，因為購買量減少可能表示看漲情緒減弱。

A breakout above $106,000 was expected to attract new buyers, but the lack of follow-through suggests a short-term decline rather than a complete reversal. Bitcoin's immediate direction is largely dependent on its ability to maintain support above the trendline. If it breaks below this level, the next significant support is located near $90,000.

突破 106,000 美元預計會吸引新買家，但缺乏後續行動表明短期下跌而不是完全逆轉。比特幣的直接方向很大程度取決於其維持趨勢線上方支撐的能力。如果跌破該水平，下一個重要支撐位位於 90,000 美元附近。

Overall, Bitcoin's bullish outlook remains intact. Corrections like this are common in extended rallies, and the uptrend is still on track. To validate the next leg up, Bitcoin must decisively break above its previous high. Otherwise, the market may cool off and enter a more extensive consolidation phase.

整體而言，比特幣的看漲前景依然完好。像這樣的修正在長期反彈中很常見，而且上升趨勢仍在軌道上。為了驗證下一個上漲趨勢，比特幣必須果斷突破之前的高點。否則，市場可能會降溫並進入更廣泛的盤整階段。

Ethereum Faces Pullback

以太坊面臨回調

Ethereum has shown signs of weakness after failing to maintain momentum at its recent local peak near $4,100. The price has since retraced by 0.69% to $3,867, raising concerns about a potential bearish trend. Dropping below the recent high is the first warning sign, while difficulties holding above the 20-day EMA (currently around $3,707) further underscore the bearish sentiment. If this level fails to hold, the 50 EMA (near $3,355) will be the next key support.

以太坊在近期接近 4,100 美元的局部高峰未能保持勢頭後，顯示出疲軟跡象。此後價格回撤 0.69% 至 3,867 美元，引發了人們對潛在看跌趨勢的擔憂。跌破近期高點是第一個警告信號，而守住 20 日均線（目前約為 3,707 美元）上方的困難進一步凸顯了看跌情緒。如果未能守住該水平，50 EMA（接近 3,355 美元）將是下一個關鍵支撐位。

A break below this range could indicate a shift in market sentiment and push Ethereum closer to the $3,000 psychological level. Additionally, volume data is a cause for concern, as November's surge in buying has tapered off in recent sessions. Waning buying pressure suggests that bulls may be losing steam, leaving Ethereum vulnerable to further selling.

跌破該區間可能表明市場情緒發生轉變，並將以太坊推向 3,000 美元的心理水平。此外，成交量數據令人擔憂，因為 11 月的購買激增在最近幾個交易日逐漸減弱。購買壓力減弱表明多頭可能正在失去動力，使以太坊容易受到進一步拋售的影響。

Technically, a bearish divergence is beginning to form on Ethereum's price chart. The Relative Strength Index (RSI) is showing signs of stagnation near 63, a level that often indicates a loss of bullish momentum despite prices hitting a local high. If the RSI continues to decline, it could confirm a deeper bearish trend.

從技術上講，以太坊的價格圖表上開始形成看跌背離。相對強弱指數 (RSI) 顯示出在 63 附近停滯的跡象，該水平通常表明儘管價格觸及局部高點，但看漲勢頭正在喪失。如果 RSI 繼續下跌，則可能會確認更深的看跌趨勢。

Despite the short-term bearish outlook, Ethereum's overall long-term trend remains positive, provided it holds above key support levels. The $3,707 and $3,355 support zones are crucial for investors to monitor, as a bounce from these levels could revive bullish momentum and pave the way for a potential recovery.

儘管短期前景看跌，但以太坊的整體長期趨勢仍然樂觀，只要其保持在關鍵支撐位之上。 3,707 美元和 3,355 美元的支撐區域對於投資者來說至關重要，因為從這些水平反彈可能會重振看漲勢頭，並為潛在復甦鋪平道路。

Dogecoin Declines Towards Key Support

狗狗幣跌至關鍵支撐位

Dogecoin continues to drift lower as it grapples to stay above critical support levels. The meme coin currently trades at $0.386, down approximately 2.04% over the past day, with a concerning technical outlook. Dogecoin's recent price action has clearly broken down from the ascending channel that served as a key support during its recent rally.

狗狗幣繼續走低，因為它努力保持在關鍵支撐位之上。 Meme 幣目前交易價格為 0.386 美元，較過去一天下跌約 2.04%，技術前景令人擔憂。狗狗幣最近的價格走勢顯然已經突破了在最近上漲過程中作為關鍵支撐的上升通道。

The $0.45 region has now emerged as strong resistance, and this breakdown could soon see Dogecoin approaching the 50-day EMA (currently at $0.35). While this level provides strong technical support, it is concerning that the asset is testing it so soon after its rally.

0.45 美元區域現已成為強大的阻力位，這種突破可能很快就會導致狗狗幣接近 50 日均線（目前為 0.35 美元）。儘管該水準提供了強有力的技術支撐，但令人擔憂的是，該資產在反彈後如此之快就對其進行了測試。

The declining volume during this pullback further highlights the waning buying pressure. With demand lacking, DOGE bulls are hesitant to step in, leaving the asset vulnerable to further declines. If the 50 EMA fails to hold, the next critical support is at $0.28.

此次回檔期間成交量下降進一步凸顯了買盤壓力的減弱。由於需求不足，DOGE 多頭不願介入，導致該資產容易進一步下跌。如果 50 EMA 未能守住，下一個關鍵支撐位為 0.28 美元。

A drop below this level could open the way for a more severe correction towards $0.21, a level not seen since Dogecoin's last significant breakout in November. While not yet in oversold territory, DOGE's current position near 56 on the RSI (Relative Strength Index) front indicates that downward momentum is intensifying. If the RSI continues to decline, the market may confirm bearish dominance.

跌破該水平可能會為更嚴重的回調至 0.21 美元開闢道路，這是自狗狗幣去年 11 月上次重大突破以來未曾見過的水平。雖然尚未進入超賣區域，但 DOGE 目前在 RSI（相對強度指數）前沿接近 56 的位置表明下行勢頭正在加劇。如果RSI持續下跌，市場可能會確認看跌主導地位。