2024.12.23 Only two days until Christmas!

Market Review and Analysis

The recent market trends are generally in line with expectations. Niu Ge has repeatedly emphasized that the market tends to be volatile around Christmas, and there are currently no significant rebound trend signals in the market. Everyone should reduce trading operations in the coming days. Many have realized later that Niu Ge is in a spot loss position, and at this time, one should not blindly pursue short-term trading opportunities; if you can't handle swing trading, don't do it.

Continuing the oscillating market, the Bitcoin range is around 94500-97000, and the Ethereum range is around 3250-3400.

During this phase, everyone should pay close attention to the pinning phenomenon. When pinning occurs, consider entering long positions based on year-over-year strategies, but specific operation points cannot be precisely determined in advance and need to be flexibly decided based on real-time market dynamics.

Intraday resistance and support.

From various perspectives, the market still has a pin coming up.

BTC resistance 96000/96800/97500

Support 94500/92500/90800

ETH resistance 3350/3420/3500

Support 3250/3100/3000

Spot Market

In the altcoin spot market, the strong remain strong, and the weak remain weak. It's not very adaptive; you need to pay timely attention to market movements to buy the coins you desire for swing trading. Yesterday it was pnut, today it’s uxlink mentioned in the community, don’t say Niu Ge is hogging everything.

In the recent period, remember not to get stuck in the patterns; just take the profits and run, regardless of long or short.