The new year is approaching, and it is also the last weekend of 2024, the final train ride. Looking back at my year in the cryptocurrency world, some are happy while others are worried. Forget the past and welcome the future; the hardest moments are often the prelude to success!
Currently, we can see that the market surged and quickly pulled back after hitting the resistance level, stabilizing around 94300 before bouncing back. The market is now fluctuating around 95000 again. Looking at the hourly level, we see consecutive bullish candles, and the bulls are continuously increasing their upward momentum. From a Sunday perspective, after a pullback, the bulls have some room for a rebound. In the short term, both bulls and bears can be managed. In the medium to long term, it is still mainly bullish. Therefore, today's support point for the pullback will continue to look at the lower track and the overlap of EMA30-EMA60; in the MACD, the volume above the 0 line is decreasing, and the fast and slow lines are converging. If the pullback today continues to be slow, then the EMA30, 60, and lower track positions can still be considered for low-risk long positions.
Reference Suggestions
For Bitcoin, go long in the 945-950 range, add more on a pullback to 935, with a target of breaking through 965 or stabilizing at 965 to aim for 970-975.
For Ethereum, go long in the 3330-3350 range, with a stop loss at 3280 and a target of 35000.