2024.12.17 9:28 AM BTC/ETH Market Analysis
That night, 2.9 billion CNY vanished, with 120,702 people liquidated to zero. BTC reached new highs, and despite ETH being above 4000, so many people still faced liquidation. The result is clear: there are more and more people trading blindly. For example, those who frequently shorted in the past month missed out on a whole wave of doubling opportunities. Now they are eager to recover their losses or are desperate to make some quick money as the year-end approaches. This constant worry creates a cycle of incessant trading; if there was a strict plan with a high success rate, it could work, but unfortunately, many rely solely on gut feelings. They want more profits when they win and aim to recover losses when they lose. In short, they dance on the edge of a knife, unwilling to step back!
Failure is not terrifying; what is terrifying is stagnation!
BTC Focus
Support 103300/101800/100000
No current resistance
ETH Focus
Support 3915/3865
No current resistance
Last night, it already broke through the 3990/4050 line, which aligns with the weekend's explanation that BTC stabilizing at 100000 will lead to new highs. If BTC hits new highs, ETH will surely break through the high range of 3935/3990/4050!
In terms of operations: only trade BTC/ETH/SOL in contracts, and layer altcoins in batches for spot trading. The overall allocation must ensure that BTC/ETH/platform tokens occupy more than half of the long-term positions. If you missed low-priced tokens, engage in some intraday quick trades and intermediate swing trades. Always remember to keep zero-cost tokens as long-term holdings. Going all-in and out is like walking by the river; you will eventually get your shoes wet!