1. First, let's talk about the operational advice for January 2025:
Consolidation range strategy: A high sell-low buy strategy can be adopted within the range of $92,500 to $101,800, going long on dips and short on highs.
Breakout strategy:
If the resistance level of $101,800 is broken, consider going long, targeting $105,000.
If the support level of $92,500 is broken, consider going short, targeting $90,000.
Indicator signal strategy:
Be cautious of short-term overbought or oversold risks when RSI breaks 70 or falls below 30.
When the MACD shows a death cross or golden cross signal, it can be used as an auxiliary judgment basis for direction.
2. Overall assessment for December: A converging triangle is forming, which may lead to a significant directional breakout in the future.
Trend analysis: BTC has recently shown an overall consolidation trend, with a fluctuation range between $92,500 and $101,800. Strong resistance is above, and the short-term trend is unclear.
Key support and resistance:
Main support levels: $92,500, $90,000.
Main resistance levels: $101,800, $105,000.
Indicator performance: RSI shows a balance between bullish and bearish forces, MACD is close to the zero axis, indicating that the market direction choice is approaching.
Candlestick pattern: A converging triangle is forming, which may lead to a significant directional breakout in the future.
Trading volume: High trading volume corresponds to significant price fluctuations; the current trading volume appears slightly reduced, indicating that market sentiment is becoming cautious.
3. Support and resistance levels
Calculating support and resistance through highs and lows:
Main support level: Short-term support is at $92,500. If this level is broken, it may further drop to $90,000.
Main resistance level: Short-term resistance is at $101,800, with a target of $105,000 after the breakout.
The market is currently operating within a consolidation range, and support and resistance have significant reference meaning for the short-term direction.
