Bitcoin Fluctuates Amidst Bullish Momentum

比特币在看涨势头中波动

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.

比特币的上涨轨迹遇到了一些阻力，引发了对其势头可持续性的质疑。该加密货币目前价格为 104,899 美元，从 106,214 美元的峰值回落后下跌 1.21%。尽管如此，总体趋势仍然看涨，尽管疲软迹象正在显现。值得注意的是，比特币继续紧密遵循其上涨趋势线。

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.

尽管出现回调，但比特币仍高于关键支撑位，维持了 10 月底开始的涨势。 50 EMA（指数移动平均线）充当了可靠的动态支撑，98,400 美元和 97,500 美元的水平可能会进一步缓冲抛售压力。还应密切监控成交量波动，因为购买量减少可能表明看涨情绪减弱。

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 美元预计会吸引新买家，但缺乏后续行动表明短期下跌而不是完全逆转。比特币的直接方向很大程度上取决于其维持趋势线上方支撑的能力。如果跌破该水平，下一个重要支撑位位于 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.

总体而言，比特币的看涨前景依然完好。像这样的修正在长期反弹中很常见，而且上升趋势仍在轨道上。为了验证下一个上涨趋势，比特币必须果断突破之前的高点。否则，市场可能会降温并进入更广泛的盘整阶段。

Ethereum Faces Pullback

以太坊面临回调

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 美元的局部峰值未能保持势头后，显示出疲软迹象。此后价格回撤 0.69% 至 3,867 美元，引发了人们对潜在看跌趋势的担忧。跌破近期高点是第一个警告信号，而守住 20 日均线（目前约为 3,707 美元）上方的困难进一步凸显了看跌情绪。如果未能守住该水平，50 EMA（接近 3,355 美元）将是下一个关键支撑位。

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.

跌破该区间可能表明市场情绪发生转变，并将以太坊推向 3,000 美元的心理水平。此外，成交量数据令人担忧，因为 11 月份的购买激增在最近几个交易日逐渐减弱。购买压力减弱表明多头可能正在失去动力，使以太坊容易受到进一步抛售的影响。

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.

从技术上讲，以太坊的价格图表上开始形成看跌背离。相对强弱指数 (RSI) 显示出在 63 附近停滞的迹象，该水平通常表明尽管价格触及局部高点，但看涨势头正在丧失。如果 RSI 继续下跌，则可能确认更深的看跌趋势。

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.

尽管短期前景看跌，但以太坊的整体长期趋势仍然乐观，只要其保持在关键支撑位之上。 3,707 美元和 3,355 美元的支撑区域对于投资者来说至关重要，因为从这些水平反弹可能会重振看涨势头，并为潜在复苏铺平道路。

Dogecoin Declines Towards Key Support

狗狗币跌至关键支撑位

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.

狗狗币继续走低，因为它努力保持在关键支撑位之上。 Meme 币目前交易价格为 0.386 美元，较过去一天下跌约 2.04%，技术前景令人担忧。狗狗币最近的价格走势显然已经突破了在最近上涨过程中作为关键支撑的上升通道。

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 美元区域现已成为强大的阻力位，这种突破可能很快就会导致狗狗币接近 50 日均线（目前为 0.35 美元）。尽管该水平提供了强有力的技术支撑，但令人担忧的是，该资产在反弹后如此之快就对其进行了测试。

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.

此次回调期间成交量下降进一步凸显了买盘压力的减弱。由于需求不足，DOGE 多头不愿介入，导致该资产容易进一步下跌。如果 50 EMA 未能守住，下一个关键支撑位为 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.

跌破该水平可能会为更严重的回调至 0.21 美元开辟道路，这是自狗狗币去年 11 月上次重大突破以来未曾见过的水平。虽然尚未进入超卖区域，但 DOGE 目前在 RSI（相对强度指数）前沿接近 56 的位置表明下行势头正在加剧。如果RSI继续下跌，市场可能会确认看跌主导地位。