2024/12/31 00:20 Evening View

Today is the last day of 2024, and it’s another day following the trend of the US stock market. After the US stock market opened tonight, prices continued to decline, hitting a low near 915. The support at 924 was unable to halt this pullback, and all the positive news has turned into negative factors.

From the timeline, since we broke below 924 and reached a new low, our expectation for prices to rebound after New Year's Day will need to be postponed. The recovery is likely to be delayed until next week, when we can analyze the bottom-fishing timing after a weekly close. We mentioned at noon that once the four-hour chart breaks below 924, the previous low is no longer a low. Currently, this position is not very suitable to be used as an entry point for long-term bottom-fishing. It’s better to wait for a bottom signal to re-enter for mid to long-term positions. If you are worried about missing out, consider using a staggered approach to gradually enter the market.

Regarding the four-hour bottom signal, it was mentioned during the day that we must maintain a close between 940-953 at least once. Unfortunately, today the only breakthrough was above 942, closing at 939. In the short term, we should focus on short-term strategies. When opening positions, avoid chasing high prices or panic selling. Although we have broken below the previous low support, the current position is not ideal for making significant moves. We do not anticipate a drop below 90,000 tonight. This evening, we can consider entering near the 918-911 range to look for a rebound, with targets set at the 933-938 range.

Reassess the timing for bottom-fishing. Focus on short-term fluctuations. For those who entered around 933-938 and haven’t exited yet, take this opportunity to temporarily exit and wait for further notice. #MicroStrategy增持BTC #2025比特币价格预测