Market Analysis for January 2, 2025

Bitcoin Daily

Resistance Level: Around 96250

Support Level: Around 93500

Yesterday, Bitcoin's market fluctuated little, with only a 2.4% change. It rebounded to a high of 95151 and dropped to a low near 92888. It did not reach our given resistance level, and the rebound strength was not significant. Today, our resistance level remains around the lifeline of 96250. We will continue to test this position today. When it reaches this position, it is advisable to open a short position. The trading strategy for Bitcoin is still to short at highs. For those holding long positions, remember to take profits and not be greedy; quick in and out. Wishing everyone a pleasant Thursday.

Ethereum Daily

Resistance Level: Around 3480

Support Level: Around 3300

Yesterday, Ethereum's fluctuations were even smaller, with only about a 1.8% change. It rebounded to a high near 3374 and dropped to a low around 3313. It has been fluctuating between 3300 and 3400 for over a week now and has not broken below the 3300 level. Today's resistance level is set at the lifeline of 3480, with the support level still around 3300. The trading strategy for Ethereum is to buy at lows. The adjustment for Ethereum is likely coming to an end. One thing to note is that there is a probability of a sudden drop back to 3100. If given the opportunity to reach 3100, brothers, be bold and buy. The main strategy for Ethereum trading is to go long, and for those considering shorting, remember to take profits, quick in and out. Wishing everyone a pleasant Thursday.

The above information is for reference only and does not constitute investment advice.