2024.12.24 Market Analysis Bitcoin Daily Resistance Level around 96800 Support Level around 92000 Yesterday, Bitcoin rebounded to around 96538 at its highest and pulled back to around 92520 at its lowest, which aligns with our expectations from yesterday. The resistance level we provided yesterday is around 97000, and the support level is around 92000. The daily level has formed a second death cross, with the 5-day moving average crossing below the 30-day moving average, indicating a trend towards a death triangle. Therefore, the trading strategy is to short on highs. Today's resistance level is set around 96800, and the support level remains around 92000. For those looking to go long, remember to enter and exit quickly, and do not be greedy. Wishing everyone a profitable and cheerful Tuesday, and a peaceful Christmas Eve. Ethereum Daily Resistance Level around 3520 Support Level around 3270 Yesterday, Ethereum rebounded to around 3466 at its highest and pulled back to around 3216 at its lowest, with fluctuations exceeding 7%. The volatility is quite significant, and trading Ethereum is preferable since high volatility is beneficial for our options. Today's resistance level is set around 3520, and the support level is at 3270. Recently, the trading strategy is to short on highs. As long as there is no effective breakthrough of the lifeline, be cautious when going long, and remember to enter and exit quickly. Wishing everyone a profitable and cheerful Tuesday. The above information is for reference only and does not constitute investment advice.
2024.12.23 Market Analysis Bitcoin Weekly Resistance level around 100000 First support level around 90000 Second support level around 82000 Bitcoin Daily Resistance level around 97000 Support level around 92300 The weekly closing for Bitcoin is a large bearish candle. Yesterday, Bitcoin had little fluctuation during the day, but some volatility occurred at night. The resistance level for this week is set around 100000, and the support level is placed at the EMA 10-day line near 90000. If this support level does not hold, it may go down to the second support level around 82000. This week, it is likely to continue moving downward in a volatile manner. The daily closing price yesterday was below the lifeline, and if it can rebound to the lifeline near 97000 today, a short position can be taken, which is also near today’s resistance level. The support level is set at the low points of the previous two days around 92300. The trading strategy for this week is to short at highs, mainly focusing on short positions. If one wants to go long, they must enter and exit quickly without being greedy. Wishing everyone a good start on Monday. Ethereum Weekly Resistance level around 3600 Support level around 3050 Ethereum Daily Resistance level around 3380 Support level around 3100 Last week, Ethereum experienced a large bearish candle, dropping directly by 25%, almost reaching the lifeline. This week, the resistance level is set around 3600, and the support level is at the lifeline near 3050, which is also a significant support level. The daily level still shows a death triangle, with today’s resistance level placed at 3380 and the support level at 3100. Additionally, the MACD fast line has broken below the zero axis, entering the bearish zone. The trading strategy for this week is to short at highs, and those looking to go long should be cautious of risks. This pullback may last until the end of the month, depending on whether 3000 can effectively support. If it does not break below 3000, one can go long. Wishing everyone a good start on Monday. Wishing everyone a good start on Monday. The above information is for reference only and does not constitute investment advice.
2024.12.22 Market Analysis Bitcoin Daily Resistance Level: Around 98500 Support Level: Around 95000 Yesterday, the weekend market fluctuation was not too large, Bitcoin fluctuated by 3%, which is acceptable, with the highest rebound reaching around 99540. The resistance level we provided yesterday was between 99000-100000, which aligns with our expectations. The daily closing price yesterday was still above the life line. Today's resistance level is set at around 98500, and the support level is set at around 95000. A death cross has appeared on the 3-day moving average, and if there is a rebound to the resistance level today, it may be a good opportunity to short. Next week, there may continue to be oscillations downward. Recently, the trading strategy is to short at highs, and do not easily go long; if going long, make sure to enter and exit quickly, do not be greedy. Wishing everyone a pleasant weekend. Ethereum Daily Resistance Level: Around 3460 Support Level: Around 3100 Yesterday, Ethereum had quite a large fluctuation, with movements exceeding 7%, and the highest rebound reached around 3555. The resistance level we provided yesterday was 3550, which was also within our expectations. We advised everyone to take a rest, and mentioned that if one cannot control their hands, they can short near the resistance level. Today's resistance level is set at around 3460, and the support level is set at around 3100. A death triangle has appeared on the daily chart, and a death cross has also appeared on the 3-day moving average. The decline of Ethereum may continue for a while, possibly until the end of the month. The trading strategy is to short at highs, and for those holding long positions, be sure to enter and exit quickly, do not be greedy. Wishing everyone a pleasant weekend. The above information is for reference only and does not constitute investment advice.
2024.12.21 Market Analysis Bitcoin Daily Chart Resistance Level near 99000 Support Level near 95300 Yesterday, Bitcoin experienced a significant drop, with the lowest point touching near 92232. The support level we provided is around 90500, which is still a bit away from our target. In the evening, it rebounded to a high of around 98233. The daily close yesterday was a long lower shadow bullish candle. Today is the weekend, and market fluctuations may not be very large. The resistance level is set at around 99000, and the support level is set at around 95300. Today, we actually do not recommend trading; it's important to take at least one day off during the week. Staring at the market every day can be exhausting. So, take a good rest today, go shopping, go fishing, or do something you enjoy. No need to worry about how the market is doing; the correction hasn't ended yet, and there might be continued fluctuations downward next week. So, don't rush. We also reminded everyone yesterday: if you have profitable trades, remember to secure your profits. Wishing everyone a pleasant weekend and a happy Winter Solstice. Don't forget to eat dumplings. Ethereum Daily Chart Resistance Level near 3550 Support Level near 3290 Yesterday, Ethereum experienced a larger pullback, with the lowest point touching near 3100, directly breaking our provided support level. It has once again broken our first support level. There is a trend forming a death triangle at the daily level, and it's very likely that a death triangle will form next Monday. This means that the rebound could be temporary, and next week we will likely test around 3000 again. Today is the weekend; we do not recommend trading. Just take a good rest. Today's resistance level is set at around 3550, and the support level is set at around 3290. Market fluctuations today may not be very large. If you made a profit yesterday, remember to secure your profits. If you can't keep your hands to yourself, try to open a short position near the resistance level, but don’t trade unless it reaches the resistance level. Wishing everyone a pleasant weekend and a happy Winter Solstice. Don't forget to eat dumplings. The above information is for reference only and should not be considered as investment advice.
2024.12.20 Market Analysis Bitcoin Daily Resistance around 100000 Support around 90500 Yesterday, Bitcoin experienced a significant correction. The resistance we provided was around 102500, and it rebounded to a maximum of around 102800. The support level was around 97000, and it fell to a minimum of around 95700, which was in line with our expectations. Yesterday, Bitcoin officially broke below the lifeline. The next three days are crucial; if their closing prices remain below the lifeline for these three days, it may continue to decline. This drop could last for a while, so do not easily go long. If you do go long, make sure to enter and exit quickly. Recently, the trading strategy for Bitcoin is to short on rallies. Those who followed the short position yesterday should have made a good profit. Wishing everyone a happy and enjoyable Friday. Ethereum Daily Resistance around 3590 Support around 3220 Yesterday, Ethereum also experienced a significant correction, with fluctuations exceeding 10%. The resistance we provided was around 3800, and it rebounded to a maximum of around 3720, just shy of the resistance level, which was basically within expectations. We also advised those who went long to take profit around 3700 yesterday. Today's resistance is set at around 3590, and the support is set at around 3220. The daily line has also broken below the lifeline, and the drop in Ethereum was beyond expectations. This correction is for a better upward movement; opportunities always arise from declines. Those who are going long must also enter and exit quickly, without being greedy. The monthly trend is still upward; there is no need to worry. Wishing everyone a happy and enjoyable Friday. The above information is for reference only and does not constitute investment advice.
2024.12.19 Market Analysis Bitcoin Daily Resistance level around 102500 Support level around 97500 Yesterday, Bitcoin experienced a significant pullback, dropping to around 100000. I believe those who shorted yesterday made a good profit. Today's resistance level for Bitcoin is set around 102500, with the support level at the critical line of 97500. It's advisable not to go long on Bitcoin easily; it is likely to continue its pullback. You can short near the resistance level, maintaining the strategy of shorting at highs. This pullback may last for some time. For those who have been going long recently, remember to enter and exit quickly, don't be greedy, and secure your profits. Wishing everyone a pleasant Thursday. Ethereum Daily Resistance level around 3800 Support level around 3560 Ethereum also followed Bitcoin's pullback yesterday, dipping to around 3617. The pullback strength exceeded expectations. Today's resistance for Ethereum is set at around 3800, with the support level at 3560. Today is quite critical; if the daily life line support doesn't hold, it will continue to drop. The pullback of Ethereum is a good thing; ideally, it could pull back to the weekly 10-day line around 3400, because the overall trend is still upwards, so there’s no need to worry about the decline. Opportunities always arise from drops. This week’s strategy for Ethereum is to short at highs. If you have long positions, remember to enter and exit quickly, don't be greedy. Wishing everyone a pleasant Thursday. The above information is for reference only and does not constitute investment advice.
2024.12.18 Market Analysis Bitcoin Daily Resistance Level around 108000 Support Level around 104000 Yesterday was another day of new highs for Bitcoin, with the highest surge reaching around 108353. The resistance level we provided yesterday was around 108000, which matched our expectations. The lowest point retraced to around 105321, which is still a bit away from the support level we provided. Today's resistance level remains at around 108000, and the support level is set at around 104000. The trading strategy is still to short on rallies. When we are in a short position and there is profit, remember to take profits, enter and exit quickly, and do not be greedy, as the overall trend is still upward. Do not get trapped due to greed. Wishing everyone a happy and joyful Wednesday. Ethereum Daily Resistance Level around 4100 Support Level around 3770 Yesterday, Ethereum rebounded to around 4041 at its highest point, with the lowest retracing to 3847. Ethereum fluctuated around 5% yesterday. The recommendation is still to focus on Ethereum for trading. Today, it will continue to challenge the resistance level of 4100. If it cannot break through, it will need to retrace downwards. Today's support level is set around 3770. In the 4-hour chart of Ethereum, there is a 'leaky oil' pattern, so be aware of the risk of a pullback. Each pullback in Ethereum is an opportunity for us to go long, as the overall trend is still upward. There is no need to worry about being trapped in long positions. For shorts with profits, remember to take profits quickly, and wish everyone a happy and joyful Wednesday. The above information is for reference only and should not be taken as investment advice.
2024.12.17 Market Analysis Bitcoin Daily Resistance Level: Around 108000 Support Level: Around 102000 Yesterday, Bitcoin once again set a new high, rebounding to around 107793 in the early morning, which exceeded expectations slightly. Today's resistance level is set around 108000, and the support level is set around 102000. The MACD on the Bitcoin daily chart has shown a golden cross, indicating another possible rebound. If it pulls back to around 102000, it might be suitable to open a long position. Currently, Bitcoin is in a volatile upward trend. Whether you are holding long or short positions, remember to take profits when there is a gain. Quick entry and exit are essential; securing profits is crucial. The trading strategy remains to short at highs. Wishing everyone a profitable Tuesday with smiles. Ethereum Daily Resistance Level: Around 4100 Support Level: Around 3880 Yesterday, Ethereum rebounded to a high of around 4107 and pulled back to a low of around 3884, which was within our expectations and the fluctuation exceeded 5%. It is best to focus on Ethereum for trading recently, as the volatility is greater than Bitcoin, making options trading more suitable. Additionally, the overall trend for Ethereum is still upward; each pullback is an opportunity for us to go long. The trading strategy for Ethereum is to buy low. For those shorting, remember to enter and exit quickly, and do not be greedy. Wishing everyone a profitable Tuesday with smiles. The above information is for reference only and should not be considered as investment advice.
2024.12.16 Market Analysis Bitcoin Weekly Resistance Level near 110000 Support Level near 99000 Bitcoin Daily Resistance Level near 106000 Support Level near 102500 Bitcoin experienced little fluctuation during the day yesterday, but there was a significant rebound at night, peaking around 105250, setting a new high. The resistance level exceeded our expectations from yesterday. The resistance level given by the Bitcoin weekly chart is set near 110000, with the support level near 99000. The MACD on the Bitcoin daily chart shows a tendency for a golden cross; let's see if it can form a golden cross by tomorrow. The resistance level at the daily chart is set near 106000, and the support level is set near 102500. It is recommended to stop loss all short positions below 100000. When choosing the wrong direction, the stop loss must be decisive; do not hesitate. The possibility of Bitcoin consolidating this month is relatively high, so whether it’s a long or short position, remember to take profits when available. Quick in and out, wishing everyone a good start on Monday. Ethereum Weekly Resistance Level near 4868 Support Level near 3750 Ethereum Daily Resistance Level near 4093 Support Level near 3870 The Ethereum weekly closing showed a long lower shadow bearish candle. The first resistance level is still near 4093, and the second resistance level is near the previous high of 4868. The support level is set near the EMA5 daily line at 3750. Today's resistance level for Ethereum is set near 4093, with the support level near 3870. This week, Ethereum may also experience a pullback; if it can pull back to around 3750, it’s a good opportunity to go long. Each pullback in Ethereum is an opportunity to buy. Yesterday, Ethereum rebounded to a maximum of 3974 and dropped to a minimum of around 3831, which aligns with our expectations. The support level we provided yesterday was around 3830. The trading strategy for Ethereum is to buy low. The overall trend remains upward. If there are profits on short positions, remember to take profits. Quick in and out, wishing everyone a good start on Monday. The above information is for reference only and should not be considered as investment advice.
2024.12.15 Market Analysis Bitcoin Daily Resistance Level: Around 102500 Support Level: Around 100000 Yesterday, the weekend market fluctuated little, with a maximum rebound to around 102650 and a minimum retracement to around 100609, showing only about 2% fluctuation. Therefore, not letting everyone trade was the right decision, because we trade options, and if there is not much fluctuation, it cannot cover the premium. So when the fluctuation is small, it's a good time to rest and no need to trade. Today is the last day of the week, and daytime fluctuations may not be significant. Even if there is a market, it is likely to occur in the evening or early morning. The trading idea today is still to short on highs, with today's resistance level set at around 102500 and support level at around 100000. Recently, the market has been fluctuating widely; remember to take profits when there are gains and not be greedy. Wishing everyone a good weekend market. Ethereum Daily Resistance Level: Around 4000 Support Level: Around 3830 Ethereum's market also did not fluctuate much yesterday, with fluctuations not exceeding 3%, which is also not suitable for trading. Yesterday, Ethereum rebounded to a maximum of 3945 and retraced to around 3825, which also met our expectations. The MACD on the Ethereum daily chart is still a dead cross, and it remains a solid column, so Ethereum is likely to need to adjust. If one day Ethereum retraces to near the life line, one can trade boldly long. Each retracement of Ethereum is an opportunity to go long, but one should not go all in, and it's important to control position sizes. Remember to take profits when there are gains, and wishing everyone a pleasant weekend. The above information is for reference only and does not constitute investment advice.
Market Analysis for December 14, 2024 Bitcoin Daily Resistance Level: Around 102500 Support Level: Around 99500 Yesterday, Bitcoin rebounded to around 101895 at its highest and retraced to around 99205 at its lowest, with not too much fluctuation. Today is Saturday, so the market is likely to have little movement. If you have positions, just hold on to them; if not, take a good rest. Try not to trade today. Spend the weekend fishing or prepare a big meal to treat yourself. Don't stare at the market every day; it's too exhausting. Give yourself a break. Today's resistance level remains at around 102000, and the support level is at around 99300. Don't open positions lightly, and I wish everyone a pleasant weekend. Ethereum Daily Resistance Level: Around 4000 Support Level: Around 3830 Ethereum rebounded to around 3968 at its highest and retraced to around 3852 at its lowest yesterday, with fluctuations not exceeding 3%. Given that today is also the weekend, the volatility may not be significant, so there's no need to trade today; just rest well. Today's resistance level is set at around 4000 and the support level at around 3830. For profitable positions, whether long or short, remember to secure your profits and don't be greedy. Trading is not recommended today, and I wish everyone a pleasant weekend. The above information is for reference only and does not constitute investment advice.
Market Analysis for December 13, 2024 Bitcoin Daily Resistance level around 102500 Support level around 98500 Bitcoin rebounded to a high of 102540 yesterday, and the lowest retracement was around 99311. The resistance level we provided yesterday was around 102000, which met our expectations. Shorting near the resistance level has profit potential. Today's resistance level is still set around 102500, with the support level at 98500. Today is Friday, and whether it's a long or short position, when there's profit, be sure to take it. Please note that there is no need to open positions tonight as tomorrow is the weekend, and the market may not fluctuate much. Wishing everyone a happy and joyful Friday. Ethereum Daily Resistance level around 4000 Support level around 3750 Ethereum rebounded to a high of around 3987 yesterday, and the resistance level we provided is around 4000, which met our expectations. The lowest retracement was around 3796, which did not reach our support level. Today's resistance level remains at around 4000, with the support level at 3750. The MACD at the daily level is still in a death cross, so we must remain cautious about the risk of retracement. Don't worry about Ethereum's retracement; each retracement is an opportunity to go long, as the overall trend for Ethereum is still upward. Wishing everyone a happy and joyful Friday. The above information is for reference only and should not be considered as investment advice.
2024.12.12 Market Analysis Bitcoin Daily Resistance Level Around 102000 Support Level Around 98500 Yesterday, Bitcoin rebounded to a maximum of 101888, exceeding our expectations from yesterday. The resistance level we provided yesterday was 97500, and the rebound from Bitcoin exceeded 6%. Today's resistance level for Bitcoin is around 102000, and the support level is set at around 98500. Recently, Bitcoin has been experiencing wide fluctuations. Regardless of long or short positions, remember to take profits when available. Even if the short position we took yesterday was in the wrong direction, we only lost 1.35% of our equity, which was not a significant loss. The trading strategy for Bitcoin remains to short at highs, and do not take too large positions; build positions in batches. For those holding long positions, remember to take profits as well. Wishing everyone a pleasant Thursday. Ethereum Daily Resistance Level Around 4000 Support Level Around 3670 Yesterday, Ethereum also quickly rebounded along with Bitcoin and did not retrace to our support level around 3500. It rebounded to a maximum of around 3848, also exceeding our provided resistance level of 3730. Today's resistance level is set at around 4000, and the support level is set at around 3670. Recently, Ethereum may still need adjustments, and there is still a possibility of a retracement. We look forward to Ethereum's pullback; each pullback is an opportunity for us to go long, as the overall trend for Ethereum is upward. We hope Ethereum breaks through its previous high soon. For short positions with profits, remember to take profits quickly; quick entry and exit are essential. Wishing everyone a pleasant Thursday. The above information is for reference only and does not constitute investment advice.
Market Analysis on December 11, 2024 Bitcoin Daily Resistance around 97500 Support around 93000 Yesterday, Bitcoin rebounded to around 98270 at its highest and pulled back to around 94200 at its lowest, which is about 1000 oil away from the support level we provided. The resistance level we provided yesterday is around 98300, which aligns with our expectations. Today's EMA5 has a trend of crossing below EMA10, forming a crossover, with the resistance level set at the intersection around 97500 and the support level still at the lifeline of 93000. The trading idea remains to sell on highs. For those holding long positions, remember to take profits near the resistance level to secure gains. Wishing everyone a happy Wednesday. Ethereum Daily Resistance around 3730 Support around 3500 Ethereum rebounded to around 3780 at its highest yesterday and pulled back to around 3515 at its lowest. The volatility is still quite large, making it suitable for our options trading. The resistance level we provided yesterday is around 3800, which is within our expectations. The support level at 3500 is still relatively strong. Today, the EMA has formed a death cross, with the resistance level set at around 3730 and the support level still at 3500. Don't be afraid of Ethereum's drops; every drop is an opportunity to go long. Wait for it to pull back to the support level. There’s no need to rush into trades; since there is a strategy, just wait patiently. For those with long positions recently, avoid being greedy; aim for quick entries and exits to secure profits. Wishing everyone a happy Wednesday. The above information is for reference only and not investment advice.
2024.12.10 Market Analysis Bitcoin Daily Resistance Level around 98300 Support Level around 93000 This morning, Bitcoin showed a downward spike again, with a minimum pullback to 94150, which exceeded our expectations. The market started to retrace at the opening yesterday and continued to oscillate downwards. Today's resistance level is set around 98300, and the support level is at the critical line of 93000. Recently, I've been emphasizing the trading strategy of shorting at highs. Yesterday, the futures market experienced liquidations amounting to 1.248 billion USD, with long positions liquidating 1.114 billion, accounting for 89.27%. In a bull market, downward spikes often occur to clear high-leverage contracts, which demonstrates the benefits of our options; even if you choose the wrong direction, you only lose one day's premium and won't face liquidation. Recently, do not easily go long; focus on shorting. If you do go long, make sure to enter and exit quickly. Wishing everyone a profitable and cheerful Tuesday. Ethereum Daily Resistance Level around 3800 Support Level around 3500 Yesterday, Ethereum also showed a downward spike, with a minimum pullback to around 3500, which was significantly beyond expectations. The MACD at the daily level has formed a death cross, indicating a potential continued retracement. Pay close attention to whether the critical line can hold. If it holds during a pullback, one can go long near the critical line. At the weekly level, it just happened to pull back to the EMA 5-day line. The pullback in Ethereum is a good thing; do not worry. The long position should be near the critical line; do not enter if it’s not there. If there is a rebound today, you can appropriately short. If you have profits in long positions, remember to take profits; secure the gains from going long. Wishing everyone a profitable and cheerful Tuesday. The above information is for reference only and should not be considered as investment advice.
2024.12.9 Market Analysis Bitcoin Weekly Resistance Level Around 105000 Support Level Around 95000 Bitcoin Daily Resistance Level Around 102000 Support Level Around 98500 Last week's market was relatively stable, with little fluctuation in both Bitcoin and Ethereum. The weekly closing price was around 101000. This week's resistance level is set around 105000, and the support level is at the EMA5 daily line around 95000. The resistance level at the daily level remains unchanged, still set around 102000, and the support level is at 98500. This week may experience a pullback before a rebound. The trading strategy is still to short at highs. For those shorting, do not be greedy when there are profits. A new week brings a new beginning, wishing everyone a successful Monday. Ethereum Weekly Resistance Level Around 4868 Support Level Around 3670 Ethereum Daily Resistance Level Around 4093 Support Level Around 3850 The weekly closing price for Ethereum is around 4000, with the weekly resistance level set near the previous high of 4868 and the support level at the EMA5 daily line around 3670. The resistance level near the Ethereum daily line is set at around 4093, and the support level is around 3850. Each pullback in Ethereum remains an opportunity to go long. The trading strategy is to buy at lows. For those shorting, be sure to enter and exit quickly, and do not be greedy; secure your profits. Wishing everyone a successful Monday. The above information is for reference only and does not constitute investment advice.
2024.12.8 Market Analysis Bitcoin Daily Chart Resistance Level Around 102000 Support Level Around 97500 Yesterday, the weekend market fluctuated very little, with an up-and-down movement of only 1.6%, which aligns with our expectations. Therefore, today the resistance level remains around 102000, and the support level is around 97500. Yesterday, the daily candlestick closed as a small doji. As we know, a doji has two meanings: one is acceleration, and the other is a change in trend. The appearance of a doji over the weekend may indicate a pause to accumulate strength for an upward movement. Next week, it may continue to rise. It was correct not to let everyone place trades yesterday! Today, you can still take a good rest or look for opportunities to go long on Ethereum, unless Bitcoin retraces to the support level, then you can go long. Wishing everyone a pleasant weekend. Ethereum Daily Chart Resistance Level Around 4093 Support Level Around 3900 Yesterday, Ethereum, like Bitcoin, experienced relatively small fluctuations, which were within our expectations. Therefore, today’s resistance and support levels have not changed much from yesterday. Each time Ethereum retraces, it presents an opportunity to go long. It depends on whether we can stabilize above the 4000 level by tomorrow morning’s close. If we can maintain that level, it will likely continue to break upward next week, and there is a high probability it will surpass previous highs this month. Let’s look forward to it. The trading strategy for Ethereum is to buy on dips; if there are profits on short positions, remember to take profits to secure gains. Wishing everyone a pleasant weekend. The above information is for reference only and does not constitute investment advice.
2024.12.7 Market Analysis Bitcoin Daily Resistance Level: Around 102000 Support Level: Around 97500 Bitcoin rebounded quickly after the spike early yesterday morning, rapidly breaking through 100,000 USD, with a maximum rebound to around 102000. Today is the weekend, and the market may not fluctuate much, likely resulting in sideways consolidation. Today's resistance level is set at around 102000, with the support level at around 97500. It is not recommended to make trades on the weekend; instead, take a good rest and control your hands. Remember to take profits on profitable trades and secure your gains. Wishing everyone a pleasant weekend. Ethereum Daily Resistance Level: Around 4093 Support Level: Around 3880 Ethereum had another significant rebound yesterday, directly breaking through 4000 USD. I want to emphasize again not to short Ethereum lightly. If it can hold above 4000 USD, it will likely continue to break upwards next week and is expected to surpass the previous high this month. Today's resistance level is set at around 4090, with the support level at around 3880. Each pullback in Ethereum is still an opportunity to go long. As today is the weekend, the market may not fluctuate much, so take a good rest and relax. Don't keep staring at the market every day; give yourself a day off to spend time with your children and family, go travel, and unwind. Wishing everyone a pleasant weekend. The above information is for reference only and should not be considered as investment advice.
Market Analysis on December 6, 2024 Bitcoin Daily Resistance around 98500 Support around 93500 Yesterday was quite a crazy day for Bitcoin, it suddenly surged to around 104088 during the day. When everyone was celebrating Bitcoin breaking the 100,000 USD mark, a sudden downward spike occurred at 6 AM, with a minimum retracement to the daily lifeline around 90500. This situation is rather extreme, another double explosion of both long and short positions. During the day, short positions were liquidated first, and then long positions were hit during the early morning, leaving the contract market in disarray. How many people have lost everything? Still, I advise everyone to stay away from contracts. In such situations, the benefits of options become apparent; they help you better avoid risks and allow for profit without the risk of liquidation. Today's resistance level for Bitcoin is around 98500, and the support level is around 93500. The trading strategy remains to short at highs. Pay attention to the non-farm payroll data at 9:30 PM; the market is still quite volatile, and you can open both long and short positions. Remember to take profits when you have them, securing your gains. Wishing everyone a happy and joyful Friday. Ethereum Daily Resistance around 3977 Support around 3660 Compared to Bitcoin, Ethereum's fluctuations are not as large. Yesterday, Ethereum rebounded to a maximum of 3956. The resistance level we provided yesterday was 3977, which is within expectations. It retraced to a minimum of 3677, breaking below our support level. Today's resistance remains at 3977, and the support level is around 3660. The trading strategy is to buy low; every pullback presents an opportunity to go long. Remember to take profits on short positions, and be quick in and out with shorts. Wishing everyone a happy and joyful Friday. The above information is for reference only and does not constitute investment advice.
2024.12.5 Market Analysis Bitcoin Daily Resistance Level around 100,000 Support Level around 96,500 Yesterday, Bitcoin rebounded to around 99,000 at its highest, and corrected to around 94,587 at its lowest. The market yesterday experienced a drop followed by a rise, with a relatively stable market during the day. After midnight, there was a sudden surge to around 99,000. It should have been a dual explosion for the contract market yesterday, with 383 million USD in the contract market. Long positions liquidated amounted to 207 million USD, accounting for 54.10% of the total, while short positions liquidated reached 176 million USD, making up 45.9% of the total. Today's resistance level for Bitcoin is set around 100,000 USD, while the support level is set around 96,500. This month, it is highly likely that the price will oscillate around 90,000-100,000 USD. During the sideways movement of Bitcoin, altcoins are likely to be more active, with significant price increases. The strategy for trading Bitcoin is to go short on highs. For those looking to go long, it is advisable to choose Ethereum. I have repeatedly emphasized that for those shorting, if there are profits, one should enter and exit quickly, avoiding greed, and ensure to secure profits. Wishing everyone a pleasant Thursday. Ethereum Daily Resistance Level around 3,977 Support Level around 3,740 Yesterday, Ethereum also experienced a sudden surge, rebounding to around 3,887, not far from 4,000. I have consistently emphasized that every pullback in Ethereum presents an opportunity to go long, and one should try not to short. Ethereum should be viewed with a bearish outlook but not shorted. Even during pullbacks, it tends to rebound quickly. Yesterday's unexpected resistance level exceeded expectations; Ethereum is indeed very volatile. Once again, I emphasize not to short easily. If one does short, it should be done with a quick entry and exit, avoiding greed. Today's resistance level is set at 3,977, and the support level is at 3,740. If it pulls back to the support level, continue to go long. The strategy for trading Ethereum is to go long on dips, with a preference for Ethereum trades due to larger upward potential and volatility, making it very suitable for our options. Wishing everyone a pleasant Thursday. The above information is for reference only and should not be considered as investment advice.