Market Trend Interpretation for December 20, 2024:

Bitcoin daily chart shows signs of a top, and the overall trend remains downward, with continuous short-sell signals being issued on the daily level.

Two major bearish factors: the Federal Reserve is slowing its pace of interest rate cuts and has clearly prohibited Bitcoin from being used as a reserve asset (if Trump maintains this position after coming to power, positive news is unlikely in the short term, and operations should focus on short positions).

Spot strategy: For investors who have not yet entered the market, it is recommended to wait and observe, entering in batches after Bitcoin adjusts appropriately.

Daily strategy: The 4-hour chart displays a dead cross pattern, indicating that the downtrend will continue. The risk of long positions this weekend is high; it is advisable to quickly enter long positions on a spike and divergence, then swiftly switch to short positions, and seek to go long again later with a flexible strategy.

Long-term target prices for long or short positions: Bitcoin targets 90500 and 88888, while Ethereum should pay attention to 3150 and 3050 as potential entry points for long positions, and set price alerts to make decisions when those levels are reached.

Resistance levels: Bitcoin is at 98600 and 102000, while Ethereum is at 3560 and 3650.

Support levels: Bitcoin at 94300, 91500, and 90000, while Ethereum is at 3310, 3230, and 3150.

Ethereum daily strategy: In the short term, first look for a rebound to 3480, 3500, and 3520 before gradually laying out short positions (these are also take-profit points for long positions). Take-profit targets are 3350 and 3310, with a longer-term view towards 3100 and 3000.

If the price touches 3350 or 3310 during the day and quickly rebounds, a long position can be taken, with a stop loss set at the spike and closing price, and take-profit targets at 3450 and 3500.

Bitcoin daily strategy: The 15-minute chart is expected to show a divergence signal soon, followed by a possible rebound. Short positions can be laid out at 98500 and 98200; if these levels are not reached, positions should be added when a small dead cross appears. Take-profit targets are 95500 and 94500, with a longer-term view towards 92000 and 90500 (the 92000 mention here is a repeat and should be corrected based on the actual situation).

If the price falls back to 94500 or 95500 during the day and shows divergence, a long position can be taken, with the stop loss set at the divergence point and take-profit targets at 97000 and 98200.

For friends who are not yet able to analyze, if you want to learn more about cryptocurrency and gain access to cutting-edge news, follow me and check the pinned profile for information; I will guide you on board without any thresholds. #加密市场回调 #比特币战略储备