Good morning, brothers!
Today is the last day of 2024!
First, I wish my brothers a Happy New Year in advance. As we say goodbye to the old and welcome the new, how will BTC move?
Let's first look at the data analysis:
From the liquidation map, it can be seen that based on the Bitcoin price around 92400, with 100x leverage, if the market reaches around 95900, it is expected to liquidate shorts of about 511 million USD. Conversely, if the market reaches around 90700, it is expected to liquidate longs of about 285 million USD.
Market Analysis:
From the current market trend, in the short term, it will overall move within the range of 90000-94500, Ethereum will move within the range of 3270-3420, and SOL will move within the range of 183-196.
Market Viewpoint:
Comparing the trends of Bitcoin and Ethereum, it can be seen that Ethereum and other mainstream altcoins are continuing to show a slightly stronger trend. However, we still need to focus on whether the market can stabilize above the 90000 mark. If it cannot stabilize, even if Ethereum tries to create an independent trend, it may be dragged down.
For the overall trend of the market, it has not really stabilized yet, and the trend still appears weak. We should pay more attention to the upcoming market trends, especially since today is the last day of 2024 and also the closing of the monthly line for December. Of course, I personally still maintain a bullish outlook for the overall market, and it is a good time for us to build positions and increase our holdings on dips.
Moreover, the big market events will have to wait until January. There are many overall news updates, especially when Trump officially enters the White House, so we should patiently wait for the market to change later on.
Spot Recommendations
MEME Sector
TURBO 0.0085, buy in batches, short-term take profit around 0.0014
BONK 0.000029, buy in batches, short-term take profit around 0.000055
Additionally, note that the spot strategy is suitable for short-term trading. Among the altcoins, there are many quality coins that cannot all be listed and organized, so I can only recommend filtering one or two from popular sectors.
