Good evening, everyone: Speculating on cryptocurrencies is all about speculating on trends. Bitcoin has started to pull back, and Ethereum has broken through a new high. Bitcoin is coming to a critical time node. Can Bitcoin stay above 94,800 in the remaining two days, or will it fall below and close the monthly line? At present, Bitcoin's diving market is not strong. On the contrary, it closed with a big positive yesterday, and the rebound was strong. It is hard to say whether it is a lure or a reversal, but there are key details to judge. If Bitcoin continues to dive southward, continue to pay attention to the low-multiple market of mainstream value coins such as eth, sol, doge, etc., and celebrate the New Year's Eve next month.
Market analysis:
$BTC Bitcoin hit the top at 97200 in the morning but failed to go up. Yesterday's analysis made it very clear that if it fails to go up to 97200, the market will pull back. Pay attention to a 1-hour level decline. I called a short strategy at 7 o'clock in the morning. Bitcoin pulled back for a day with a shrinking volume. Next, as long as it does not fall below 94800, pay attention to the upper resistance levels: 96000~97200~98300. If the market cannot stand at 95000 in the evening, pay attention to the support levels below: 94800~93800 these two key points. The market trend will remain unchanged after the pullback.
$ETH Funds are flowing out of high positions, and the market is retreating. This high-level pullback of Ethereum is a normal market trend. Breaking through and stepping back, setting a new high and stepping back is a very healthy action. Ethereum closed with a real negative line in the last 4 hours. The power of the short side is still a bit strong. This will rebound above 3577. It depends on whether the 1-hour level can close above 2580 and stand on this key position. The upper resistance level is concerned: 364~3688. If the 4-hour line fails to close at 3570 in the early morning, the market will continue to retreat downward. The lower support is concerned: 3500~3387~3272. Build positions in batches, buy on dips, and be bullish.
$SOL Due to the cooling of the MEME track during this period, the trend of sol has become much weaker, unlike the peak moment of the previous on-chain dog soaring. This cooling is good, the trend will be healthier, and the subsequent rise will be higher. Look at the support of the 242 position at night. Only when it stands above can we see the market reversal. The upper resistance level is concerned: 248.11~253.75. If it can't reach the 242 position, pay attention to the support level below: 237~229~222.14.
$DOGE The key position of DOGE is 0.40. If it stands at 0.40 at night, it will continue to fluctuate upward. Pay attention to the upper resistance level: 0.413~0.428~0.443. If it fails to stand at 0.40 at the 4-hour closing, pay attention to the lower support level: 0.386~0.373.
