2024.12.27 Market Analysis

Bitcoin Daily

Resistance Level around 97500

Support Level around 92500

Yesterday, Bitcoin reached a high of around 99963 and a low of around 95199, with fluctuations around 5%. The resistance level was within our expectations; the resistance level we provided yesterday was around 100000. It fell below our support level of around 97000 and also fell below the life line. Today's resistance level is set around 97500, and shorting can also be considered near the life line. Today's support level is set around 92500, and it is highly likely that Bitcoin will test the bottom once more. The larger cycle is showing a death cross downwards, and the recent strategy for trading Bitcoin is to short at highs. The large support level we provided this week is around 90000; if it reaches near 90000, we can consider going long. Bitcoin is still in a wide range of fluctuations; whether bullish or bearish, it is advisable to take profits and not be greedy. The adjustment for Bitcoin is not over yet. Wishing everyone a happy and joyful Friday.

Ethereum Daily

Resistance Level around 3450

Support Level around 3100

Yesterday, Ethereum reached a high of around 3514 and a low of around 3304, with fluctuations exceeding 6%, which is still quite significant. Recently, we have been advising everyone to choose Ethereum for trading because its volatility is sufficient. High volatility is beneficial for our options, making it easier for everyone to profit. The overall trend is within our expectations. Today's resistance level is set around 3450, with support at around 3100. It is likely to test the bottom again, so let's look forward to it. If there is indeed an opportunity to pull back to around 3000, be bold and go long, but be cautious with your position; do not go all in. Under no circumstances should you go all in. When trading, always consider risk first before profit. Wishing everyone a happy Friday.

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