24/12/28BTC's large cycle of yearly, quarterly, and monthly lines will close. The outlook for the bull market trading plan in 2025 is to continue waiting for value opportunities in the short term!
Bitcoin's large cycle of yearly, quarterly, and monthly lines is about to close. As of the publication date, the annual line has increased by 123%, the quarterly line has broken through and fluctuated around 74000, achieving a historical new high with a 49% increase. The monthly line has formed a doji star, which generally indicates a continuation of the upward trend. Tomorrow's weekly line is also likely to close as a doji star, which usually indicates a continuation of the downward trend. The key here is to watch the support at the 92232 level. If it holds, there is a chance for a short-term rebound. By not speculating and following the market naturally, it will develop accordingly. Those who built positions near 94000 are still holding, and there are still batch orders set to buy at 90000-85000 below.
Although Ethereum's annual line is not as strong as Bitcoin's, it has still risen by 46%. The quarterly line has formed an engulfing pattern, testing the pressure around 4000 three times. It is not ruled out that there will be a fourth or fifth attempt to break through. The monthly and weekly candlesticks are both doji patterns, which are continuation patterns. It is suggested to buy in batches during the decline, waiting for the Spring Festival market.
Bitcoin
After the daily line rebounds from the second test, it continues to decline and tests the 92322 support line again. If it does not break here, there will be a short-term rebound. The key resistance still depends on whether it can break through 97500-100000. The 4-hour line is still in a fluctuating trend after the decline, so be patient and wait for opportunities to increase positions in the medium to long term.
4 hours ago, a double shadow with a bullish candle was formed. The bottom still looks at the 92232 support level. In my personal opinion, even if it breaks, there is at most a 3000-5000 point space for decline.
Support:
Resistance:
Ethereum
The daily line has broken below 3500, forming an M-top and rebounding without recovering. It cannot be ruled out that there will be another test of the bottom support. The SRSI has entered the overbought zone, and after the support below, it can be bought in batches.
Support:
Resistance:
