24.12.2 Bitcoin Ethereum Afternoon Analysis
【Market Review】
Last week had significant volatility in the first two days, with the first day dropping from 98,000 to 90,000, a drop of 8,000 points.
The second day rose from 90,000 to 97,000, an increase of 7,000 points. The following days fluctuated above 90,000,
with the support at the bottom gradually rising. Regardless, this is good news. Many brothers asked me if it will go down to 85,000?
The answer is I don't know, but based on the current trend, it is likely to maintain a sideways movement instead of a decline.
【Bitcoin Market Analysis】
Upper resistance level: 976-988-996
Lower support level: 948-956
Currently, Bitcoin is still maintaining a high-level fluctuation, and the fluctuation range is continuously rising. It has now reached
the fluctuation area near 948-988, and the operational strategy is still to buy low and sell high, which is a better approach.
This fluctuation will likely continue until the end of this year, and funds will come out of Bitcoin and shift to
Ethereum altcoins + altcoins.
So in the upcoming layout, there might be a season for altcoins. If brothers want to layout altcoins, they can catch some hot coins.
Previously, I didn’t guide you on altcoins, but this wave might be a good opportunity to focus on altcoin varieties.
Mainly pay attention to L1/L2/GAMEFI/MEME.
【Ethereum Market Analysis】
The Ethereum rebound has finally arrived! The spot trading at 2400/2300 that I guided you to has reached the harvest season.
The profits have reached around 70%, and those who want to take profits can do so in batches.
There is strong resistance around 4,000. Let's see if it can break through in one go? I estimate there will be a surge and then a pullback!
As for me personally, I will continue to hold, aiming for around 8,000-10,000.
Regarding contracts:
In the short term, 3,800 is a significant checkpoint. After a surge and pullback, it can still return to support to enter long positions.
Lower support levels are 3,630-3,578.
Upper resistance levels are 3,750-3,782.
Buying on pullbacks is fine, but be sure to set stop losses.
Today, there are no feeding operations, and without a certain market trend, there's no need to rush to enter the market.
【Future Plans】
Next, I will focus my energy on high-frequency contract trading of altcoins,
let's see how the upcoming market trends and profit effects?