❗❗❗ Cryptocurrency Market Analysis and Outlook

Macroeconomic Situation

1. This week is the Christmas holiday in Europe and the US, with limited data available. Investors often hold onto their coins for the holiday, leading to short-term sell-offs and capital outflows, which poses volatility risks.

2. Some tokens such as ENA, ADA, IMX, and DBX will be unlocked, so be aware of the risks.

3. Top trader Eugene is optimistic about long-term opportunities in MOODENG, CHILLGUY, PNUT, and GOAT, as Trump's victory supports cryptocurrency, and it’s worth paying attention to oversold coins.

4. A US senator has proposed that the Federal Reserve hold Bitcoin, and in recent months, many have supported BTC as a strategic reserve, which is beneficial for the widespread development of BTC.

5. BTC spot ETF has seen capital outflow for two consecutive days, and short-term bulls face technical adjustments and capital outflow challenges.

Technical Trends

1. The weekly chart shows a large bearish candlestick, which is engulfing, indicating a bearish bias. Watch the Fibonacci 0.382 rising trend line; overall, there is wide-range volatility.

2. If a short-term rebound is blocked at the lower channel line, it may form a head-and-shoulders bearish pattern.

3. According to wave theory, pay attention to the height of the B wave rebound (lower channel line). If blocked, the C wave may decline, presenting high short opportunities.

4. In terms of positions, high concentration is at the potential B wave peak (lower channel line) which creates pressure. The important defense for bulls is at 87000; a break could lead to a deep correction.

5. In the 4H chart, resistance is at the EMA moving average, Gann angle line 4/1, and the rebound high point resonance; support is at previous lows and the Gann angle line 2/1 reverse support.

6. The 1H chart once showed a head-and-shoulders bottom, but the rebound is suppressed by the downward trend line. However, the long lower shadow doji and hammer form a double-bottom probe, which is favorable for a short-term bullish rebound.

The market has risks; trading requires caution. Proper position and risk management are essential. #圣诞行情分析 #本周微策略是否继续增持BTC？ #萨尔瓦多将“加速”增持BTC #灰度SUI信托基金