12.23 Monday Evening Bitcoin Market Analysis
The current market sees frequent highs and lows, making it especially important to manage trends effectively. Only in this way can we accurately grasp the pulse of the market filled with challenges and opportunities.
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In the afternoon, Bitcoin started from a low point of 94639 and then began a strong rebound, continuously rising until it reached a high point of 96499, where it felt the pressure from above. Ethereum's afternoon trend was similar to Bitcoin's, also experiencing a rebound from a low point of 3258, rising to a high point of 3354 before facing resistance. Old Zhang repeatedly suggested a bullish outlook during the day, and this judgment proved to be quite accurate, with good potential for gains.
From the perspective of daily and four-hour charts, the current market is still in a rising phase after multiple bottom formations. In the short term, there is strong demand to test the upper resistance levels of 98500 and 3550. In the evening, the main market trend is expected to be characterized by a rebound after a pullback. It is worth noting that the lows are continuously rising, which is a positive signal. However, we cannot rule out the possibility of further downward spikes in the evening. Nevertheless, even so, reference levels at 95500 and 3300 still allow for a bullish attitude. From the perspective of daily moving averages, the downward movement of the averages is also a continuous recovery of the overall adjustments following recent declines. Over the weekend, the market has been continuously testing the feasibility of lower support, reflecting that the market is searching for a stable foundation. The current market sees frequent highs and lows, making it especially important to manage trends effectively. Only in this way can we accurately grasp the pulse of the market filled with challenges and opportunities.
Bitcoin: Can buy near 95500, short-term target 97000
Ethereum: Can buy near 3300, short-term target 3450
Ethereum chain, MARVIN Mars Dog ending number (7055) is surging. Musk's beloved dog is making a name in the blockchain.
p͢u͢p͢p͢i͢e͢s͢ ending number (6eb2) little puppy, no project team, community governance token!
Trump and Vitalik's wallets both hold it!
Ethereum chain has 17000 holders, with a market value of just over ten million in the #meme sector, you won't find another one! #比特币战略储备 $BTC