Trading Ideas for December 31st Afternoon

Last night, the market experienced a significant washout and then fell back. Although there seems to be some rebound demand from a small-scale perspective today.

However, there is huge resistance in the range of 93000 - 95079 above. If it cannot break through, it is highly likely to continue to fall. The support level below is between 91500 - 88857.

Bitcoin has been in a downward oscillation for several weeks now, and the rebound strength is quite weak. Therefore, trading during the day requires extra caution; be sure not to hold too heavy a position.

Looking at Ethereum, it is in a state of oscillation on the four-hour level. 3302 is the support level, and 3445 forms the resistance level, while 3363 and 3383 are key pressure points within the range.

If the rebound cannot break through these two points, the price is likely to drop to 3302; if 3302 is broken, it may continue to fall to around 3220.

On the contrary, if it successfully breaks through 3383, the rebound strength will increase; only by breaking through 3445 can the market possibly see a reversal.

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