2024.12.24 Market Analysis

Bitcoin Daily

Resistance Level around 96800

Support Level around 92000

Yesterday, Bitcoin rebounded to around 96538 at its highest and pulled back to around 92520 at its lowest, which aligns with our expectations from yesterday. The resistance level we provided yesterday is around 97000, and the support level is around 92000. The daily level has formed a second death cross, with the 5-day moving average crossing below the 30-day moving average, indicating a trend towards a death triangle. Therefore, the trading strategy is to short on highs. Today's resistance level is set around 96800, and the support level remains around 92000. For those looking to go long, remember to enter and exit quickly, and do not be greedy. Wishing everyone a profitable and cheerful Tuesday, and a peaceful Christmas Eve.

Ethereum Daily

Resistance Level around 3520

Support Level around 3270

Yesterday, Ethereum rebounded to around 3466 at its highest and pulled back to around 3216 at its lowest, with fluctuations exceeding 7%. The volatility is quite significant, and trading Ethereum is preferable since high volatility is beneficial for our options. Today's resistance level is set around 3520, and the support level is at 3270. Recently, the trading strategy is to short on highs. As long as there is no effective breakthrough of the lifeline, be cautious when going long, and remember to enter and exit quickly. Wishing everyone a profitable and cheerful Tuesday.

The above information is for reference only and does not constitute investment advice.