On Tuesday, December 31st, at the turn of the year, Bitcoin once again rose slightly to close at 2100 points.
As we bid farewell to the old year and welcome the new spring, 2024 has become a thing of the past! What should have been obtained and what should not have been are now behind us. 2025 opens a new chapter, and in this new year, I wish everyone good health, daily vitality, and a strong body to venture into the mountains and seas of life; may your careers flourish, workplaces be smooth and worry-free, every project yield results, promotions and salary increases be within reach, and every effort be richly rewarded!
As the annual line comes to a close, the continuously weak downward trend has welcomed a brief warming, with the coin price slightly dipping to the 92000 area in the morning before rising again. After a stretch in the evening hitting the 96200 area, it faced pressure and retreated, with the target returning to the 94700 area. In yesterday's trading, after a round of declines in the morning, the afternoon continued to be bearish, while the evening market gradually rose, leading to a small exit from short positions and a move to long positions to recover losses. There was not much participation during the day, with Bitcoin overall closing at 2100 points and Ethereum at 50 points. Bitcoin incurred a small loss of 350 points, and Ethereum 20 points. However, this does not affect our overall profit situation. Overall, we are still in a holding pattern.
From the daily chart, the market remains weak in the short term, continuing a pattern of downward fluctuations, with no significant rebounds. The downward structure has not changed due to the brief rebound, so we maintain a bearish outlook. Similarly, the rebound on the 4-hour chart did not continue, with the coin price rebounding to the upper track area and then facing pressure to fall back. Under the predominantly bearish structure, the rebound could not be sustained, so we continue to uphold a bearish view.
The right time, with the right people, doing the right things. If your investment capabilities are insufficient to support your current situation, then get close to capable people and let them lend you a helping hand!
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