1. Large-scale trend: Continue to be bullish. From a large-scale perspective, Bitcoin's trend remains bullish. The current market structure maintains a bullish trend, with key support levels at $86,000 and $90,000. If the price breaks below $90,000, a deeper adjustment may occur, and breaking below $86,000 would signify the onset of a bearish trend. However, the current bullish structure has not been broken.
2. Key support and resistance levels: From a technical perspective, Bitcoin has found support at the 0.618 Fibonacci retracement level. $92,000 has become a strong support level, while $99,400 is the resistance level above. Despite the lack of market momentum during the Christmas holiday, the long-term trend remains bullish.
3. Current trading strategy: Gradual accumulation strategy for spot trading. It is recommended to enter positions gradually when retracing to $92,000, $96,000, and other levels. This is expected to be a good layout opportunity before the bull market in 2025. Meanwhile, strong Bitcoin performance can guide the accumulation of some altcoins like BGB, AAVE, UNI, SUI, HYPE, RAY, RSR, COW, etc. 4. Small-scale trend: Short opportunities exist in the small-scale market. Although the larger trend is bullish, the current price fluctuates within a small consolidation range, and there may be short opportunities in the short term. The current price has broken above $99,000 but has formed a strong resistance level around $99,500. The MACD indicator shows some bearish signals, and the formation of a multiple top structure may lead to price retracement. Additionally, several bullish candles during the upward movement have shown increased volume, indicating selling pressure above.
5. Small-scale trading suggestions: Short opportunities at a small scale. It is recommended to short near the resistance level of $99,500. The risk-reward ratio for shorts is relatively favorable, but if the price breaks above $99,500 and holds effectively, timely stop-loss is required. If a bullish candle appears at this time, it may indicate the continuation of the upward trend. 6. Ethereum's market performance is similar to Bitcoin's; Ethereum remains in a consolidation phase on a larger scale. The current support level is $3,460, and if this position is broken, there may be downward space. In the short term, the price may continue to consolidate, but breaking below the key support level could lead to further retracement.
7. Summary and strategy: Overall, the large-scale trends for Bitcoin and Ethereum remain bullish, but a pullback may occur in the short term. In the current market environment, it is recommended to gradually build positions during pullbacks and to appropriately conduct short trades within the small-scale consolidation range. Market fluctuations after Christmas may provide the last layout window for entry into gold.