2024.12.29 Market Analysis

Bitcoin Daily

Resistance Level Around 96500

Support Level Around 93500

Yesterday, the weekend market fluctuated little, with a maximum rebound to around 95733 and a minimum retracement to around 94135. The resistance level we provided yesterday was around 95700, which was in line with our expectations. Tonight, the resistance level is set at the lifeline around 965008. We will observe the strength of today’s rebound; the daytime market fluctuations should not be too large. The main focus is on tonight's rebound strength and whether it can effectively break through the lifeline. If it cannot break through the lifeline, a pullback is still expected. The trading strategy is to short on highs, and for those holding long positions, it's advisable to take profits and exit quickly. Wishing everyone a good weekend in the market.

Ethereum Daily

Resistance Level Around 3500

Support Level Around 3300

Yesterday, Ethereum's fluctuations were decent, with movements exceeding 3%. It rebounded to around 3428 at its highest and retraced to around 3322 at its lowest. The resistance level we provided yesterday was around the 5-day moving average of 3380, which was also within our expectations. Today's resistance level is set at the lifeline around 3500. As we approach the end of the month, Ethereum's recent adjustment may end at any time. Starting next month, consider going long at low points. For those holding short positions, remember to take profits, and exit quickly. Wishing everyone a pleasant weekend.

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