Yudong Analysis (December 15, 2024)
Hello everyone
I am Yudong
Bitcoin BTC surged last night, finally breaking above 98,000, not far from the important psychological level of 100,000. The current support level is at 95,000 USD. The 1-hour support is around 97,230, and the RSI is hovering around 70, close to overbought.
It is recommended to observe mainly, to see if there can be an effective breakthrough of 100,000 USD in the short term.
Ethereum ETH is currently priced at about 3,477 USD, with a stable trend. The key support level is at 3,300 USD. The RSI is around 65, nearing the overbought zone. It is suggested to position near the support level or engage in short-term trading when it breaks above 3,600 USD.
Solana SOL is consolidating at the round number of 200, with resistance above at 205. First, let's watch the breakout situation at 200; if it breaks effectively, it is highly likely to also stand above 205.
In the past 30 days, the supply of USDT has increased by 9.6 billion USD, reflecting a significant increase in trading demand, providing ample liquidity for the market. Moreover, BTC's market share has further decreased, and when ETH's price reaches a new high, it will further create a bullish atmosphere.
The Western Christmas holiday generally ends on the 26th, but immediately after that, there are two weekends following Friday's work, making it less likely to see a breakout before the holiday. Pay more attention and see if there are any opportunities for altcoin surges in the next couple of days.
If you see a suitable opportunity, I will share the wealth code with everyone:)
