2024.12.8 Market Evening Analysis

Today is the weekend, and there’s not much to say about Bitcoin, just a high-level consolidation with very limited pullbacks.

Let’s focus on Ethereum. On the daily chart, the highest point reached $4087 a couple of days ago, near the early-year peak. The EMA trend indicator is trending upward. The MACD is expanding upwards with increased volume, and the Bollinger Bands are oscillating upwards along the upper band, which is a typical strong market. The RSI indicator is very healthy and has not shown overbought conditions. Overall, the bullish trend has opened up and will continue. Just like Bitcoin broke the trend after $73777. It can be said that they are identical; the future potential is evident. The strategy should focus on buying the dips and managing positions effectively. It is expected that next month, Ethereum will break the historical high of $4868 from 2021.

As for altcoins, the fund rotation has currently moved to the Meme and new public chain sectors, especially the Meme sector. In the past few days, everyone should pay close attention to those Meme coins that have not yet surged. Look for support levels to buy on dips. The market is not yet finished, so hold on to your coins! #BTC #ETH