This week's crypto market has been quite volatile. Bitcoin remains steady around 94,000, once spiking close to 98,000, directly breaking through the 4-hour correction expectation.

From a long-term perspective, Bitcoin is currently in the third wave of the daily rebound within the 4-hour upward trend, with the 100,000 level now within reach. Structurally, this daily rebound should accommodate at least 5 waves of the 4-hour pattern, expected to last until mid to late January. By then, opportunities for altcoins to catch up should gradually emerge.

The key in the short term is to watch the rebound at 84,450 points on December 19. After breaking through 89,300 on January 8, Bitcoin entered an accelerated phase of the 1-hour central zone, and no divergence signals have been seen yet, which means that after a pullback, it is likely to continue upward. Be cautious when shorting now—if you do trade, you need to enter and exit quickly. Early in the session, Bitcoin surged to around 97,900 and then pulled back, and it’s still uncertain whether the sixth wave of the 1-hour correction will start. If the correction really begins, watch whether the 95,000 to 94,000 range can hold; if it does, a subsequent push toward 100,000 is highly probable.

Looking at the 15-minute level, after a morning correction, the rebound strength in the afternoon noticeably weakened. If it fails to break through 97,600 tonight, a third wave of 15-minute decline may begin. First, see if 95,000 can hold; if it does, it’s just a correction. If it falls below or tests 94,000, more caution is needed.

Ethereum’s rhythm is basically synchronized with Bitcoin. The 4-hour rise within the third wave of the daily rebound has extended, forming a 5-wave internal structure. Since there is no divergence in the 1-hour rally, the likely pattern moving forward is a decline followed by a rise—namely, a sixth wave of the 1-hour correction followed by a seventh wave of the 1-hour rally. If ETH cannot break through 3390 in the short term, a correction will be triggered, with support around 3200; after the correction, there’s a chance to push toward 3520. Note that if the 3500 to 3550 range cannot be broken through, a 4-hour correction will occur first, and after sufficient adjustment, it will attempt to rally again toward 3800.

Overall view: The weekly chart is bearish, and a downtrend has likely already begun; the daily remains within the rebound channel, targeting 105,000; the 4-hour upward trend has not been broken, so keep an eye on the 100,000 level; the 1-hour may currently be in correction, with momentum to push higher after the correction; the 15-minute trend is currently weak, and only a break above 97,600 can reverse the situation.