Market Analysis on December 25, 2024

Bitcoin Daily

Resistance Level Around 100,000

Support Level Around 97,000

Bitcoin rebounded strongly yesterday, reaching a maximum of around 99,487 and a minimum of around 93,569, fluctuating more than 6%. The rebound exceeded our expectations, and yesterday's closing price was also above the lifeline. Today's resistance level is set around 100,000, and the support level is placed at the lifeline of 97,000. Bitcoin will likely be in a horizontal consolidation phase recently. The trading strategy can be to short near the resistance level. Regardless of being long or short, don't be too greedy; remember to take profits when available. There remains the possibility of a correction in the larger timeframe, and the shorting strategy during the rebound remains unchanged. Wishing everyone a happy Wednesday and a Merry Christmas.

Ethereum Daily

Resistance Level Around 3,560

Support Level Around 3,350

Yesterday, Ethereum rebounded to a maximum of around 3,539 and a minimum of around 3,358. The resistance level we provided yesterday was around 3,520, which was within our expectations. Today's resistance level is set at the lifeline of 3,560, with the support level at yesterday's low of 3,350. This week, Ethereum will likely remain in a horizontal range. The overall trend for Ethereum is still upward. Today's trading strategy looks at whether it can break through the lifeline. If it cannot break the lifeline, shorting near the lifeline is an option. If it can break through the lifeline, then shorting is not an option. Focus on today's closing price. Whether long or short, it's important to take profits; do not be greedy. Wishing everyone a happy Wednesday and a Merry Christmas.

The above information is for reference only and should not be considered as investment advice.