Good evening, Beijing time December 29th, 21:18. 2024 is coming to an end soon, and in two days we will welcome the New Year's festival. The weekend market is relatively dull, so I took a quick look at the charts.

The four-hour level is still in an upward channel, and after each wave of fluctuations and corrections, there will be a larger market movement. Many people still hold a relatively optimistic view and expect a continued pullback. From the market standpoint, if the market wants to show strength, it needs to break below the 924 position. Only if it breaks below this position will the previous bottom no longer be considered a bottom. From a timing perspective, I believe the probability is very low. Firstly, it can now be confirmed that 933 is a strong effective support. Even if there may still be some room for a pullback, the likely pullback position will be around 940, with the extreme still above 933. As we approach January, the selling pressure will gradually decrease. Currently, the price is struggling to break upwards (it faked a breakout last Friday). A significant reason for this is that there hasn't been substantial inflow during the holidays in Europe and the U.S., and normally it will gradually recover at the beginning of January.

Therefore, whether it’s the 933-938 range we mentioned last Friday evening or the 941 position we talked about on Saturday, just hold onto the positions if you have them. For those who are currently stuck around 960 or even 970, if a pullback happens and your position allows, you can consider adding to your position. If not, just use time to exchange for space; there’s no need to panic. I believe this period won’t last too long.

Personal trading system; if you like it, please follow and give a thumbs up. Feel free to comment and discuss. #加密市场调整 #BTC上攻11万？