After BTC tested the 92961 support level in the morning, long positions saw a slight rebound. However, the rebound was relatively weak compared to the downward trend, reaching a high of 94240 and entering a small range of oscillation. Ethereum (ETH) hit a low of 3324 in the morning and rebounded, with a high rebound of 3436 during the day. Compared to BTC, the rebound of ETH is relatively stronger, but it still remains weak in terms of the overall trend. The current market situation is showing signs of exhaustion. In terms of trading strategy, following the trend is undoubtedly a wise choice. From the perspective of the overall trend, the daily candlestick trend of BTC has fundamentally changed. The previous upward trend has been completely broken by consecutive bearish lines, and the candlestick body is strong, completely dismantling the previous upward trend. In the face of such a weak market, simply follow the trend to easily profit. Taking a deeper look at the 4-hour chart, short positions are showing strong and sustained strength. The rebound correction accompanying the consecutive bearish trend appears weak, with a weak rebound and almost no reversal signal. However, patience is required to wait for a change in the market trend!
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Tomorrow will be the first day of 2025. In 21 days, Dung Wang will ascend to the throne. The cryptocurrency market will experience great volatility from January 1 to 20, 2025. BTC will see a trend of shrinking volume adjustment, but the trading volume will be larger than the same period yesterday. BTC fell to $93,000 at 4 a.m. and stabilized. From the volume ratio on the plate, it can be seen that large funds quickly entered the market to pick up the bargain. The trend of ETH is a process of shrinking volume and bottoming out, especially BlackRock and Fidelity's spot ETH trading fund bought a total of 101,390 ETH this week, worth about $342.2 million. In the past seven days, the net inflow of funds into ETH was $204 million, ranking first on the entire network. As for the altcoins, the RWA sector will be the focus next year, as well as the currencies with the expectation of spot ETF approval, such as BlackRock, WLFI, and Grayscale's holdings. These are the new trends of 2025 and the preferred choices for building positions at the moment. If you don't understand, pay attention to Yibo to configure reasonable positions for you.