In just one hour, we will welcome the year 2025. This year has also been a time for reflection. I wish my friends in the crypto world to become immensely wealthy, and not to fall victim to emotional trading. After years in the crypto space, the most important things are still mindset and a good trading system. This year's coin prices have not disappointed, breaking the 100,000 mark in a bull market, almost reaching 110,000, which is a good start.
Today's market trend has quickly surged after stabilizing around 92,000. This surge has nearly 4,000 points of increase. We regretfully acknowledge that we missed out on profits today, proving the risks of being a stubborn bear. Sometimes it's necessary to change direction; one cannot stubbornly hold onto a short position when the clear trend is upwards. However, my stubbornness sometimes gets the better of me, which may be a reflection of human nature that I cannot overcome.
Looking at the current trend, if the coin price stabilizes above 95,000, it may push towards the 98,000 mark, possibly closing with a bullish candle. After all, we have recently seen a W-shaped price action, proving that the support at the bottom is solid. One should only follow the trend without holding onto positions, using stop-loss and take-profit strategies. This has been my insight this year. There should be no complacency, and avoid over-leveraging for long-term positions. There's no such thing as getting rich overnight; it's all about gradual accumulation, with gains and losses along the way. Finally, on the last day of 2024, I wish everyone a Happy New Year.
Bitcoin strategy: Buy around 95,000-95,300, target 98,000. Ethereum strategy: Buy around 3,400, target 3,500.