The cryptocurrency market in 2024 can be described as a great year. The report for 2024 shows a large bullish candle, which provides momentum and support for the bullish sentiment in 2025. However, the long upper shadow on the monthly candle is something the bulls need to be cautious about. Therefore, for 2025, it cannot be ruled out that there may still be a downward probe first. Although, in the long term, the bulls still have upward momentum and trend support, the outlook for the bulls is not very optimistic.

So how should we layout for tomorrow? The 4-hour moving average is still in a death cross and diverging downwards. The short-term resistance for Bitcoin on the 4-hour chart is around the previous high of 96,500, while the 4-hour moving average resistance has now shifted down to around 95,500. If there is a strong breakthrough and it stabilizes above 96,500 next week, then it may truly turn bullish. Otherwise, it will continue to fluctuate, and the bulls will lack further confidence in rising.

In the morning session tomorrow, if it is under pressure at 95,500, it can continue to short. If there is a strong breakthrough at 96,500, then we will follow the trend.