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.