Yudong Analysis (December 30, 2024) BTC-ETH-SOL
Today, Bitcoin dipped to a low of 93,000, and is currently fluctuating around 94,000. In the short term, it remains in a downward channel, showing overall weak trends. Trading volume is gradually decreasing, and both bulls and bears are temporarily in a wait-and-see state. The MACD indicator's fast and slow lines are operating below the zero axis, and the histogram is gradually contracting, indicating a weakening of the downward momentum. The RSI indicator shows around 41, close to the oversold area, suggesting a potential technical rebound in the short term. From the daily chart, BTC is still maintaining fluctuations within the box range of 92,600-102,700, but the short-term trend is bearish, and market sentiment is quite cautious.
The 94,000 line is very important; if it continues to fall below 92,600, it may further dip. However, if it breaks through 95,000 with increased volume, consider attempting a small long position, targeting the 98,000-100,000 range.
Ethereum (ETH) is currently hovering around the key support level of 3,400 USD, with prices showing a downward trend in fluctuations and failing to break through previous resistance levels in the short term. The MACD indicator shows that the DIF and DEA lines continue to decline below the zero axis, indicating that bearish strength still dominates. The RSI indicator is around 40, close to the oversold area, and there may be a rebound in the short term, but the strength of the rebound needs to be observed in conjunction with increased trading volume. On the daily chart, the short-term trend is bearish. However, the support levels at 3,400 USD and 3,200 USD are relatively stable. The red momentum bars of the MACD indicator are gradually shrinking, with the DIF and DEA lines trending downward. The RSI has dropped from the previous overbought area to 43, and market sentiment is gradually cooling down, but it has not completely weakened.
It is recommended to pay attention to the effectiveness of the 3,400 USD support in the short term; if this position is broken, it may further test the 3,200 USD support. If it can break through 3,500 USD and hold, consider a light long position, targeting 3,650-3,700 USD.
Solana (SOL) is currently around 193, still consolidating within the range of 190-200. In the short term, if the SOL price can break through 200 USD and hold, there may be further upward space.