Today is the last day of 2024, Bitcoin once pulled back to 92,000 and was pulled back to 94,000. As 2025 approaches, the Trump effect is not far away. Continue to maintain cautious optimism, view range corrections positively, don't be pessimistic, and wait patiently.
In the evening, Bitcoin's market continues to maintain range-bound fluctuations, but the range has narrowed to the daily MA7 and the lower range. If the price cannot break through the resistance level of 95,000 in the short term, it may still face weak fluctuations and declines.
The support situation near the daily support level of 90,600, short-term support to pay attention to 1-hour support at 93,000, and 4-hour level support at 92,000. The daily level's situation around 95,000 and 98,200 should be noted, as if the price rebounds but does not break through these two resistance levels, it remains not overly optimistic in the short term.
Due to an early oversell, ETH has clearly not followed BTC's decline recently, and the support level at 3000-3100 is difficult to break. Although there was a net outflow of $55.5 million from the Ethereum ETF yesterday, Ethereum showed relative strength during the market decline last night.
The key market conditions are still to focus on this Thursday and Friday; currently, the situation in the US stock market is also not optimistic, facing the New Year holiday. The liquidity in the entire risk market is temporarily exhausted, and we also await the end of the holiday.
Bitcoin has risen from $44,000 in 2024 to around $108,000 at its peak; although there has been a recent pullback, the increase is still 118%.
For some retail investors who understand a little about operations, this year is a bull market, but the profits from this wave of bull markets are far from what everyone expected, and the market is highly volatile. Especially for those who chased high prices, they often enter at peaks and face the risks of losses and liquidation.
For example, this month, the market began to correct from the beginning of the month. Many people chased high in November and bottomed out in December, and the results are predictable, suffering heavy losses. Everyone must avoid blindly following the so-called 'gain lists'; that is merely bait to trick you. There is currently no broad market; such blind chasing will only plunge you into the abyss of losses.
The operational direction this month is crucial. If you're not patient and enter the market too early or operate against the trend, the losses will be even more severe. Remember, the market is always full of uncertainty; only by being steady can you harvest true wealth in a bull market.
In future markets, mainstream individuals are more inclined towards Ethereum.
There are three main reasons:
1. The exchange rate is still at the bottom.
2. The ETF has passed, and the liquidation has been completed. The last drop to 2500 basically liquidated long-term longs, washing out a lot of bubbles.
3. Ethereum's regulatory issues and staking issues may change after Trump takes office; once they change, the entire fundamental situation will change.
Of course, no matter how you look at it, future markets will emerge from risks, which is completely different from previous instances because of the Federal Reserve's attitude and Japan's potential interest rate hike next month. Large funds will lean towards conservatism.
In this process, there might be a washout, and a bottom may form, but I think the Federal Reserve's attitude and interest expectations should be fake and variable, possibly to apply pressure, but when it should loosen, it will loosen. So I think this is a grand strategy to pave the way for Trump.
On New Year's Eve, the main force pulling the market suggests that both the main force and retail investors will have a bountiful harvest in 2025; sideways movement suggests that they will have mediocre returns in 2025, while a crash suggests that the main force will face losses and bankruptcy in 2025. In 2025, there will still be great opportunities; we have seen that this round of the bull market is a distributed bull market, a rotating bull market. Resist during the layout, be decisive when selling, and I hope everyone makes a lot of money in 2025.
