From the perspective of the market, it is currently in a pullback and rebound phase, building a bottom, with significant volatility! However, the overall trend is a consolidation phase. As long as there are no signs of increased volume breaking new lows, this trend is considered a normal consolidation. During this period, if you want to trade, you must focus on indicators and place buy orders at support levels based on volume conditions, with a stop-loss in place. For short-term operations, strictly control your position and execute your trading plan. For long-term positions, just hold them without action. If you are fully invested in profitable assets, consider reducing your position slightly at highs to use for adding positions at lows.
Bitcoin (BTC) has support levels at $92,600, $91,800, and $89,500, with a resistance level near $99,300.
For Ethereum (ETH), pay close attention to support levels at $3,190 and $3,100, with resistance levels at $3,486, $3,605, and $3,725.
If you want to open contracts, it's recommended to mainly focus on BTC, ETH, and SOL. For positions that are already leveraged, it's not advisable to layer them with altcoin contracts to avoid increasing risk. For long-term holding of spot positions, if you entered at a low in November, just hold on. Frequent short-term trading is not recommended. If the entry price is relatively high, you need to sell in batches based on resistance levels to secure profits!
As Christmas and New Year's Day approach, some users need to cash out, resulting in decreased overall liquidity. Additionally, the negative news from Federal Reserve Chairman Powell's speech a few days ago has had some impact on the entire cryptocurrency market. Before Trump takes office on January 20, there will be multiple fluctuations to wash out positions, so I remind everyone to respect the market, protect your capital, lock in profits, and never let yourself fall before dawn arrives.
Finally, I wish all family and friends that the coins they buy rise every day, and may they become wealthy in the bull market!
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