Market Analysis on December 30, 2024

Bitcoin Weekly

Resistance around 100000

First Support around 90000

Second Support around 83000

Bitcoin Daily

Resistance around 95700

Support around 90500

Last week, Bitcoin's weekly closing was a bearish candle with a long upper wick, indicating that many people are selling, leading to significant selling pressure. The market fluctuations over the weekend have been minimal and within our expectations. The resistance level for Bitcoin's weekly chart is set at last week's high of around 100000, and the first support level is around 90000. If this support cannot hold, there is a possibility of a dip to around 83000. The daily chart is forming a death triangle, so Bitcoin is still in a downward oscillation trend. The trading strategy is to short on rallies, and there will be at least another week of adjustment. The resistance on the daily chart is at around 95700, and the support is set at around 90500. Recently, do not be greedy when trading, whether it's long or short positions; remember to take profits when you have them. With enough positions, the profits will be substantial. Wishing everyone a prosperous start on Monday.

Ethereum Weekly

Resistance around 3550

Support around 3100

Ethereum Daily

Resistance around 3430

Support around 3230

Last week's closing for Ethereum was a bullish candle with a long upper wick, indicating a stronger rebound compared to Bitcoin. This week's resistance is set at around 3550, which is also last week's high, and the support is at the lifeline of around 3100. If Ethereum gives an opportunity to retest near the lifeline, be bold and go long. The market fluctuations over the weekend have been minimal and within our expectations, with appropriate adjustments. The resistance on the daily chart is at around 3430, and the support is set at around 3230. The MACD fast line on the daily chart shows a trend of flattening. The trading strategy for Ethereum is to go long on dips, with major support between 3000-3100. If it reaches this level, remember to take a long position. For those holding short positions, remember to enter and exit quickly, and do not be greedy. Wishing everyone a prosperous start on Monday.

The above information is for reference only and should not be considered as investment advice.