Market Analysis for January 3, 2025

Bitcoin Daily

Resistance near 100,000

Support near 95,800

Yesterday, Bitcoin fluctuated around 3.6%, with a maximum rebound to 97,839 and a minimum near 94,392. The market opened with a rebound yesterday, which was quite strong, breaking through the life line at 96,200, reaching the second resistance near 97,500, and closing above the life line. Today's resistance is set near 100,000, which is also our weekly resistance. Bitcoin is likely to remain in a wide range of fluctuations. There is a trend forming a golden cross on the daily level, so let's see if the closing prices over the next three days remain above the life line. If it effectively breaks through the area near the life line and forms a golden cross, there should be a rebound. Today's trading idea is to go long when it retraces to the life line near 95,800. Recently, whether in long or short positions, when there are profits, remember to take the money and not be greedy. Learn from the excellent Yige in this aspect. I hope everyone earns more coins, and wish you all a happy and joyful Friday.

Ethereum Daily

Resistance near 3,550

Support near 3,400

Yesterday, Ethereum fluctuated around 4.6%, which is greater than the Bitcoin market. The maximum rebound was near 3,509, with the lowest at the opening price of around 3,360. The resistance we provided yesterday was near 3,480, which was within our expectations. However, it did not break through the life line yesterday and closed below it. Today, it will continue to challenge above the life line, with today's resistance set at the weekly resistance near 3,550 and support near 3,400. The trading idea for Ethereum is to go long at lower levels. There is a trend forming a golden cross on the daily level, and we hope for an earlier breakthrough of the life line. If it fails to break through the life line for several days, we need to be cautious of a downward risk. I hope Ethereum has a drop again because each drop is an opportunity to go long. For those holding short positions in Ethereum, remember to enter and exit quickly, and do not be greedy. Wishing you all a happy and joyful Friday.

The above information is for reference only and does not constitute investment advice.