Cryptocurrency Market Rises Amid Holiday Season

According to PANews, Adam, a macro researcher at Greeks.live, highlighted that as Europe and the United States enter the Christmas holiday period, traditional markets have closed, but the cryptocurrency market, led by Bitcoin, has seen a noticeable increase. The holiday season typically results in lower liquidity, requiring less momentum for market fluctuations. In the options market, short-term implied volatility continues to decline, with market makers nearing the end of their position adjustments. It is expected that volatility will remain stable until the end of the year. Currently, Bitcoin's significant resistance level is at $84,000, and Ethereum's is at $3,000. However, the annual resistance levels may become irrelevant, similar to previous years.