As the year 2025 approaches, change should start from the new year, beginning with the first working day. In the last two months of 2024, the cryptocurrency market has been on a bullish trend, seemingly giving many people hope. Yesterday, the market recovered significantly, reaching a peak around 96,000 before retreating to above 93,000. It is still fluctuating widely within this range. There weren't many arrangements made yesterday. Bitcoin made a wave, directly reaching around 94,600 from over 93,000, gaining nearly 2,000 points. Ethereum rose from over 3,350 to 3,405, gaining more than 50 points. There weren't many short-term arrangements, mainly because the repetitive rhythm makes frequent short-term trades likely to be stopped out! Overall, yesterday was relatively good, with Bitcoin gaining nearly 3,000 points and Ethereum making a smaller gain of 50 points!
From a structural perspective, as the yearly and monthly lines conclude, the bullish trend is becoming increasingly obvious. The space and amplitude of the current pullback are negligible compared to the previous rise; it will only temporarily slow down the ascent and will not change the final trend's posture, which still does not require questioning. The strength of both Bitcoin and Ethereum's rebound yesterday validated our wave strategy and viewpoint. The continuity of the upward rhythm is key. After the pullback, stability is established. In the early morning, we should maintain a bullish mindset and focus on the continuation's strength before looking for opportunities to short at high points. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥
Bitcoin is fluctuating around 94,000-93,500, with an expectation of reaching 96,500. Ethereum is hovering around 3,340-3,320, with an expectation of reaching 3,450.