Today, December 25 (Will the altcoin season surge or hit the bottom three times?)
I. Three Musketeers point analysis
1. BTC:
1) First support level: 96000 Second support level: 92000
2) First resistance level: 99000 Second resistance level: 100000
2) ETH
1) First support level: 3400 Second support level: 3280
2) First resistance level: 3530 Second resistance level: 3680
3. SOL
1) First support level: 190 Second support level: 175
2) First resistance level: 200 Second resistance level: 213
II. Cryptocurrency data analysis
1. Technical analysis of the market:
1) Weekly K-line dead cross, daily and four-hour golden cross forming a bottom divergence trend, but the strength remains very weak, unable to rise!
2) The formation is basically a descending triangle and pennant structure, forming the current 4-hour winter downward chart!
3) Today's greed index remains at 73, with long contracts accounting for 54 and short contracts for 46%, almost balanced, forming a consolidation!
Summary: The market is mainly oscillating, with no strong roots for upward movement, and the main strategy is to short at highs.
2. War analysis
1) War front: Global conflicts between Russia and NATO, the Middle East Israel-Palestine conflict, the Syrian war, and provocations in the South China Sea from the Philippines, among other negative news!
Summary: Continuous instability affecting the entire financial market and the frequent occurrence of gray rhinos and black swans.
3) Financial analysis
1) New government: Trump's administration increases tariffs on various countries and China, causing slow economic capital flow. There is not enough liquidity in the market, and funds entering the cryptocurrency space will be sluggish.
2) Powell's hawkish speech on finance and Bitcoin on the 19th will impact the financial market and will take 1 to 2 months to digest. Be patient and wait for a second bottom or a break below previous lows.
3) Wall Street-backed ETF funds are gradually exiting, leading to poor capital flow. It is crucial to manage positions and set stop-loss and take-profit levels!
Summary: The lack of capital flow in the market negatively impacts the cryptocurrency market.
Conducting another pullback
III. How to break the deadlock
1. Today's overall market situation: bullish but don't go long, only short!
2) If you are using 1x or 2x leverage on coin margin or spot trading, you can hold on and continue to hold until the end of March 2025.
3) If you are using high leverage or more than 3x coin margin, reduce your position by 40% when ETH rebounds to 3600, then enter again at lower levels to lower the average price!
4. Do not buy any coins at present, the bottom will continue to test or reach new lows. Wait for the left-side trading to end before entering right-side trading for bottom fishing. I will remind everyone to enter in advance! You just need to follow me!
IV. Medium to long-term position management
1) First, regardless of how much capital you have, you must allocate 50% to the three musketeers of BTC: BTC + ETH + SOL as your mainstays. As long as you believe Bitcoin will reach 1 million per coin in the future and double, even if altcoins go to zero, you will still break even!
2) As a retail investor, do not allocate too many coins. With 10,000 USDT, allocate to at most one coin, regardless of the amount, no more than four! Institutions study one coin with dozens of people, how can you win if you study dozens of coins alone?
V. Short-term potential explosive big bull coins
Key recommendation for big bull coins: Top 10 marshals
1) ETH 2) SOL 3) DOGE 4) SUI 5) BGB
6) PEPE 7) AAVE 8) ondo 9) ZEN 10) om
Brothers and sisters, be sure to follow me, message me privately. I will update content daily, and for good large-cap coins, I will remind you to bottom fish and take profits!