In 2024, regardless of profit or loss, it will be history. In 2025, we will fight again. I wish everyone successful investments and a tenfold increase in assets in the new year!!!
Yesterday was the last trading day of 2024, closing the monthly, quarterly, and annual lines. Unfortunately, the monthly line did not close positively. Yesterday, it surged above 96,000, and I thought we would at least close with a doji star. From the perspective of the monthly line, we are still in a bull market cycle, with the 5-month moving average around 83,400. The subsequent 5-month moving average will come up.
Yesterday, Bitcoin broke below the 60-day line near 92,800 and quickly rebounded back, which was a false breakdown. The highest was around 96,100. From 91,500, it rebounded 4,500 points, and this round of buying at the 60-day line can also yield around 3,000 points.
Currently, the 60-day line is around 93,300, and it is oscillating near 93,600, which is the 60-day line. From the 4-hour perspective, yesterday's rebound has already formed a MACD golden cross. The rebound that started from 91,500 has not ended, and it will continue to rebound in the next few days, targeting the 20-day line around 97,800, with plans to reduce positions above 97,200.
From the 1-hour perspective, we are waiting for today's MACD golden cross, after which the rebound will continue. Just be patient and wait.