2025.1.1 Market Analysis
Bitcoin Monthly Chart
Resistance Level around 102000
Support Level around 85000
Bitcoin Daily Chart
Resistance Level around 96000
Support Level around 92000
Today is the first day of 2025, wishing everyone a Happy New Year, and may everyone start the year with profitable trades, kicking off 2025 on a good note. Yesterday, Bitcoin experienced significant fluctuations, exceeding 4%, rebounding to around 96200 at its peak and dropping to around 92000 at its lowest point. Today marks the start of a new monthly chart, with last month's close showing a long upper shadow bearish candlestick. The resistance level is set at around 102000, which is half of the upper shadow, and the support level is at the 5-day line around 85000. This month might see a decline followed by a rebound, so if there is a chance to drop below 90000 and reach the monthly support level around 85000, don’t be afraid to go long confidently. We are not in contracts and won’t face liquidation, so there’s no need to worry. I hope everyone can seize the great bull market of 2025. Today's resistance level is around 96000, and the support level is around 92000, which is quite similar to yesterday's levels. The trading strategy for Bitcoin this week is to short on highs, and it will continue to experience wide fluctuations. Whether it's a long or short position, remember to take profits when you have them and don’t be greedy. Wishing everyone a Happy New Year.
Ethereum Monthly Chart
Resistance Level around 4100
Support Level around 3000
Ethereum Daily Chart
Resistance Level around 3480
Support Level around 3230
Ethereum did not fluctuate as much as Bitcoin yesterday, but still saw a 4% fluctuation, rebounding to 3451 at its peak. The resistance level we provided yesterday was around 3430, aligning with our expectations. Today's resistance level is set at the lifeline of around 3480, and the support level remains the same as yesterday at around 3230. Today, there is a new monthly chart, and last month also closed with a bearish candlestick. The resistance level this month is around 4100, and the support level is around 3000. This month’s trend may see a decline for a correction before rebounding. If given the opportunity to reach the 3000-3100 range, feel free to go long. The trading strategy for Ethereum is to go long on dips. For those shorting, please pay attention to safety and don’t be greedy. Remember to take profits when you have them. Wishing everyone a prosperous bull market in 2025, may you all sail smoothly and achieve your goals.
The above information is for reference only and does not constitute investment advice.
