2024.12.29 Market Overview:

The overall market for Bitcoin maintains wide fluctuations, oscillating around the range of 99540-92500. Currently, the price is running at around 95100, with the range slightly shifted downwards. On the daily chart, the market has rebounded multiple times but has failed to stabilize above 99540. The Bollinger Bands are opening downwards, and all moving averages maintain a downward posture. In the short term, there is short-term resistance forming around the level of 95700, which is also slowly moving down. If the market cannot make a strong rebound during the day, it is recommended to short at this box range rebound and go long on pullbacks.

For spot trading, it is advisable to build positions in batches. Additionally, it is strongly recommended to allocate some BGB, expecting to see $20 in the first quarter. There is a high probability of a price surge next week, with an overall bullish outlook for January and even the first quarter! #BTC