At the end of 2024, the market undergoes a dramatic change, and the cryptocurrency world faces a major test!

This market feels like it has turned upside down, leaving me quite perplexed. Yesterday, the bulls couldn't hold their ground, and today's trend is even harder to understand. It's the last day of 2024, and the folks in the U.S. are back from their holidays, ready to work again. But here in the crypto world, without those big players buying up with ETFs, relying solely on us small investors, this price is likely unsustainable.

In recent days, Beiyue has also been struggling to stay afloat, with stock prices plummeting like a dive. When Beiyue falls, Bitcoin also suffers, and those strategies follow suit, making me really worried.

Looking at the technical chart, the daily trend of Bitcoin seems like a broken pot that's just giving up. On the 4-hour chart, there's no sign of new hope; at the 915 price level, it's hard to say if it's the bottom, we need to watch further.

To stabilize, the daily line needs to stay above 933 and close with a bullish candle. On the 4-hour chart, it has to surpass 945 and then close with a bullish candle for the bulls to catch a breather. As long as we don't break that black line, we should be able to halt this downward momentum.

In the new year, I hope those big players with ETFs will come back to buy, giving the market a boost. This cryptocurrency world really is a love-hate relationship; even the slightest movement sends shivers down the spine. I hope in the new year, we can have a more stable market and not be tossed around like this anymore.

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