24/12/31BTC24-year final battle, short-term crazy wash action, falling C wave medium- and long-term opportunities?
The three major U.S. stock indexes all fell at the close, with the Dow Jones Industrial Average down 0.97%, the S&P 500 down 1%, and the Nasdaq down 1.19%. The Bitcoin price was briefly taken down from 91,500 and then rebounded to 95,000 before continuing to fall, a short-term crazy wash.
Today is the last day of 24 years, and the year, quarter and month closed at the same time. Judging from the weekly closing of the past two days with a doji, it is still weak. Although there is support near 90,000, the rebound is not strong enough. The monthly closing is probably still a doji. We believe that it is still an upward relay. Currently, we are paying attention to the monthly pin bottom of 90,500. If it does not break, it can rise directly. If it falls below, it will take a longer time to adjust.
Bitcoin
The 3-day line has not closed well, dropping to around 92232 and fluctuating. It has also reached the densely traded area of the daily line. If it cannot close above 94300 today, there is still a possibility of continuing to probe lower, and there will be a frantic washout seeking a bottom.
The price line has fallen below MA60. If it cannot effectively stabilize above MA60 in the next 2-3 days, it will continue to fluctuate and wash out before rebounding. Fibonacci oscillates again near 0.382; if it breaks down, it will find a bottom between 0.382 and 0.5.
Support:
Resistance:
Ethereum
The daily line has oscillated between 3300 and 3444 for 5 days. We have previously stated that if it cannot stand above 3500-3555, it is possible it will test again.
The 4-hour descending triangle has broken down. If it falls, it presents a buying opportunity. Previously, we entered a head position at 3150, and we will continue to see if it tests and breaks below 3100.
Support:
Resistance:
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