Tuesday, the overnight cryptocurrency prices rebounded and then fell again, with a focus on short positions in the afternoon!

2024, the last trading day, after continuous positioning for short positions, the cryptocurrency prices quickly rebounded and then rapidly declined in the early morning. The short positions in the market were swept away, ending a streak of continuous victories, leaving a small regret for 2024! A life without regrets is impossible; having regrets signifies pursuits and efforts made. Growth comes from having regrets. In this life, there are always a few matters that are difficult to accept, perhaps that is life...

Looking back over the past year, the hardships faced by those in the cryptocurrency world are vividly recalled. We have experienced too many thrilling moments, with massive price swings of tens of thousands of points within a single day and frequent fluctuations of five to six thousand points in a rollercoaster-like market. There have been joys after taking profits and frustrations after losses, but we have not lost our confidence. Together with the Tenpan fans, we have weathered the storms and grown together!

Overnight, after Bitcoin's price rebounded to the 95,000 level, it did not continue to rise. The pattern did not change the weak momentum. In the afternoon, after a four-hour bearish engulfing pattern, the trend remains in a fluctuating downward pattern. Based on short-term trends, it is likely that daytime will see a consolidation before continuing to decline in the evening. Short-term pressure is concentrated in the 94,000-95,000 range, with support still at the 90,000 mark. In the afternoon, the focus remains on short positions at high points.

Ethereum has not changed much, with short-term support at 3,300 and resistance at 3,500. The strategy is to sell high and buy low, mainly focusing on short-term trades! On the last day of 2024, thanks to all the fans for their support and trust in Hongjie this year. As the new year, 2025, approaches, may we continue to move forward hand in hand, weathering the storms together and creating new brilliance! Wishing everyone a better new year ahead, and may everything go smoothly!