2024.12.24 9:20 AM BTC/ETH Market Analysis
After hitting the bottom in the early morning, a rebound has started. Is this drop a confirmation of a second hit or a continuation of the decline? Aside from BTC's deeper drop, altcoins have given a little face symbolically, and now it's up to the big brother to perform. Many spot traders were given another opportunity to enter the market last night. I'm not saying you should go all in, but if you can't buy in with 30-40% of your position, then the subsequent rise has nothing to do with you!
Many partners say it's better to wait for a lower price to buy, but the key is whether you can actually buy at that lower price. Remember, you are investing in expectations of the future, not the current ups and downs, so just make your trading plan!
BTC Focus
Support 93000/91800
Resistance at 100000
ETH Focus
Support 3285/3215/3100
Resistance tentatively at 3605/3725
Actually, ETH's target has not changed in the last couple of days. The drop in the early morning yesterday was indeed harder for ETH than for BTC. However, based on this, BTC's adjustment this time is quite in place. As long as the big brother stabilizes, the market's pre-holiday selling sentiment will ease after today. The main players will use this selling sentiment to collect the market's low-priced chips. By the time you want to take them back after the holiday, the opportunity may not be so good!
Actually, the money spent during the holiday isn't much. Do you need to clear your positions and cut losses? Of course not, so don't do what everyone else is doing. If you want to stand out, you have to do something different from the crowd. That's what it means to be willful; only a few people making money from the majority is what we call making money!