January 2, 2025 Old Leeks Talk about Coins

Market Review and Analysis

The market is currently sluggish, with fluctuating movements that can't seem to go up or down, remaining in a state of oscillation. The support near 92,000 for Bitcoin is still relatively strong, and it has not broken this short-term defensive support level. When it drops to this level, it rebounds, but the strength of the rebound is not very strong. Regarding Bitcoin, there is no need to pay too much attention; it is better to focus more on the altcoin's trends. Bitcoin still needs to stabilize around 100,000 to push towards 108,000 to boost market enthusiasm. The current key point for altcoins is still around 3,800 points. Recently, it has also been oscillating around 3,300, similar to the previous level around 3,000, which has not been broken. Meanwhile, the rebound strength is also not very strong, with ongoing fluctuations. The monthly line is also synchronizing with the closing line. Theoretically, there should be continued rebounds this week. Today is already Thursday, and with four days left to close the weekly line, we first need to see if we can break through the small resistance level of 3,500-3,600 today and tomorrow.

Today’s Focus

There is not much to elaborate on the BTC trend; the current support point remains unchanged around 92,000. As long as this position is not broken, there is no need to worry too much. However, if this support level is broken and continues to drop below 90,000, then caution is required. The key resistance point above is around 108,000, and on the intraday level, we should pay attention to the small resistance area between 98,000-102,000.

The support points for ETH on the four-hour and daily levels are still focused on the critical level of 3,300, which is in sync with Bitcoin's support level around 90,000. The small resistance level above still needs to pay attention to the range of 3,500-3,600. The key resistance at the 3,800 level is also a significant point; only by breaking through this level can the upward space expand, driving the overall altcoin market to strengthen. Recently, the focus on altcoins is still on the gaming sector and the AI sector.