2024.12.21 Market Analysis

Bitcoin Daily Chart

Resistance Level near 99000

Support Level near 95300

Yesterday, Bitcoin experienced a significant drop, with the lowest point touching near 92232. The support level we provided is around 90500, which is still a bit away from our target. In the evening, it rebounded to a high of around 98233. The daily close yesterday was a long lower shadow bullish candle. Today is the weekend, and market fluctuations may not be very large. The resistance level is set at around 99000, and the support level is set at around 95300. Today, we actually do not recommend trading; it's important to take at least one day off during the week. Staring at the market every day can be exhausting. So, take a good rest today, go shopping, go fishing, or do something you enjoy. No need to worry about how the market is doing; the correction hasn't ended yet, and there might be continued fluctuations downward next week. So, don't rush. We also reminded everyone yesterday: if you have profitable trades, remember to secure your profits. Wishing everyone a pleasant weekend and a happy Winter Solstice. Don't forget to eat dumplings.

Ethereum Daily Chart

Resistance Level near 3550

Support Level near 3290

Yesterday, Ethereum experienced a larger pullback, with the lowest point touching near 3100, directly breaking our provided support level. It has once again broken our first support level. There is a trend forming a death triangle at the daily level, and it's very likely that a death triangle will form next Monday. This means that the rebound could be temporary, and next week we will likely test around 3000 again. Today is the weekend; we do not recommend trading. Just take a good rest. Today's resistance level is set at around 3550, and the support level is set at around 3290. Market fluctuations today may not be very large. If you made a profit yesterday, remember to secure your profits. If you can't keep your hands to yourself, try to open a short position near the resistance level, but don’t trade unless it reaches the resistance level. Wishing everyone a pleasant weekend and a happy Winter Solstice. Don't forget to eat dumplings.

The above information is for reference only and should not be considered as investment advice.