December 24 Market Analysis
BTC
In the early morning, Bitcoin went to the previous low position as speculated yesterday and then initiated a slight rebound. The expectation for the next two days is a downward fluctuation to 91,000 or an upward fluctuation to around 100,000, with significant leverage accumulated on both sides, but the bears remain dominant. As long as it doesn't break above 95,500 or below 92,450, we will continue to see range fluctuations, especially since tomorrow is Christmas and the Americans will start their holidays. If it breaks below 92,450, it is highly likely to go down to around 91,500 to clear out the remaining long positions before a rebound.
Trading Strategy: Buy near 91,500
ETH
Compared to Bitcoin, Ethereum's rebound is stronger and more powerful. Currently, the 1-hour chart is in an upward channel. If the trend holds, it is expected to lead altcoins for a surge. If it breaks the upward trend, it is highly likely to go down to the previous low around 3,100.
Trading Strategy: Buy near 3,100
