Molybdenum's previous BTC was approximately $87,600, ETH approximately $2,970. At the end of the year, under low liquidity, the market mainly fluctuates with sideways movements, European session pushes higher and then falls back, with weak rebounds.

Key BTC levels: $86,800-$88,200; core support at $86,000 and $87,000, resistance at $88,500 and $90,000 (strong resistance).
Technical outlook: 4-hour EMA30 (87838) and 7-day moving average (87628) face resistance; MACD shows a death cross below zero but with decreasing histogram; daily divergence suggests weakening downward momentum.
Funds and sentiment: Spot ETF net outflow of $175 million, institutions are cautious; Fear and Greed Index at 23 (extreme fear), on-chain support at $87,000 buy orders strengthen.
Evening outlook: Likely to fluctuate narrowly, breaking above $88,500 to target $89,500; breaking below $86,800 to test $86,000, low liquidity makes it susceptible to large orders disturbance.

ETH key levels: $2,900-$3,000; support at $2,900 and $2,850, resistance at $3,000 and $3,080 (weekly EMA7).
Technical outlook: Similar to BTC, 4-hour slightly bearish; daily shows relative resistance to decline, with buy support at $2,900-$2,950.
Fundamentals: ETF continues to outflow, but retail investors slightly accumulate at $2,900-$2,950, with a temporary balance between bulls and bears.
Evening outlook: Mainly sideways, staying above $3,000 could target $3,050; breaking below $2,900 or testing $2,850, strong correlation, follow BTC’s rhythm.

Strategy: Range trading with high sell and low buy, light positions + strict stop-loss (BTC around $300-$500, ETH around $50-$80), avoid chasing highs.
Risks: Year-end liquidity shrinks (over 30% less than usual), prices are easily manipulated by large orders; volatility in US stocks and gold may transmit, beware of sudden selling pressure.