12.24 Afternoon Thoughts

Due to the importance of the upcoming holidays for the West, market fluctuations are not expected to be significant. On the 4-hour chart, Bitcoin has been under pressure since it surged to 99,000 on Saturday, with the midline currently in play. Bitcoin is moving around 94,000, operating below the MA7 and showing weak downward movement. The current market situation is in a resistance zone after a double bottom formation. Before a complete trend reversal occurs, the market is likely to continue oscillating within a range. If it can successfully break through the key level of 95,000 and establish a significant trend breakthrough, suitable entry opportunities can be sought within the pullback range. If the market can further elevate the bottom, the possibility of a short-term price increase will increase. However, it is important to remain vigilant, as the resistance zone may lead to adjustments at any time. The level of 92,600 was the previous peak of the upward trend and has now become a crucial support level. Typically, if it falls below the point where the previous trend started, the probability of forming a downward trend will significantly increase. Currently, the level of 92,600 serves as a key support area; if it can hold, the hope for a short-term rebound still exists.

Bitcoin: Short around 95,000-95,300, looking down to around 93,000

Ethereum: Short around 3,430-3,460, looking down to around 3,300

#币安Alpha公布第5批项目 #币安LaunchpoolBIO #圣诞行情分析 #BTC☀ #ETH🔥🔥🔥🔥🔥🔥 $BTC $ETH