On 24/12/24, BTC will create new lows before rebounding. Will Ethereum lead altcoins to catch up? How should we grasp the market next?
MicroStrategy was officially included in the Nasdaq index yesterday.
, a special shareholders' meeting will be held to strengthen its $42 billion Bitcoin investment plan.
In the evening, the three major U.S. stock indexes rebounded, with the Dow rising 0.16%, Nasdaq 0.98%, and S&P 0.73%. All major U.S. tech giants rose, with Nvidia up more than 3%, while MicroStrategy's stock price fell 8.78%.
Bitcoin
The lowest point in the evening dropped to 92520 and rebounded, but the current rebound strength is too weak, with the price touching the lower band of the daily BOLL, which is also near the previous spike at 92232. Such a weak rebound strength does not rule out further new lows before rebounding. The 4-hour divergence indicates a short-term demand for rebound, but the strength is still insufficient. If it breaks support, consider waiting for short-term rebound opportunities in the 89800-90500 region.
After rebounding to 99540 in 1 hour, it has been declining along a downward channel and is still within the channel. We need to wait for a strong rebound or a spike to reverse.
Support:
Resistance:
Ethereum
Ethereum's rebound is stronger than Bitcoin's, the daily line touches MA60 and sees some rebound, but we also need to be wary of Bitcoin continuing to make lower lows before rebounding. Ethereum has limited space to continue down, 3000-2900.
—2820.
Previously, we bought in around 3150 during the spike, so we continue to hold. If it continues to decline to around 2900, we can still buy. As long as the K-line body does not break 2800, there is no need to worry.
Support:
Resistance:
