2024/12/31 Daily Views

Yesterday I went to bed early, and when I woke up this morning, it seems like the weather is about to change... Previously, the bulls couldn't hold the middle track of the daily line. I love that you are looking at this drawing, but it never ends. Today is the last day of 2024, and it is also the last day of the American holiday.

Relying on the cryptocurrency players to drive up the price seems quite difficult. Without ETF buying, relying solely on cryptocurrency players cannot maintain the current price.

Recently, Beier's stock price hasn't looked good either, continuously plummeting. When Beier dives, Bitcoin follows suit, and the stock price of MicroStrategy jumps along too, it’s quite frustrating.

Bitcoin's daily line has already broken down. Looking at the 4-hour chart, there hasn't been a new strong support level. The 915 level can only be taken as a reference; it’s hard to say if it’s the bottom.

The daily line needs to close above 933 to confirm a stop in the decline. On the 4-hour level, if it crosses 945 and closes, it will return to bullish territory. As long as it doesn't break below the black diagonal trend line, it won't continue to decline.

I hope that starting tomorrow, the ETF can return to a state of net inflow.