The third week of December has ended, and there is only one week left until 2025. I believe everyone feels that time flies. After all, the high for the 40,000 big coin in February has now reached nearly 110,000. In the blink of an eye, the big coin has reached 100,000, and we are about to welcome a new year in 2025. As in previous years, let's briefly review this week's market. At the beginning of the week, in line with our predictions from last week, the market continued to show bullish momentum early Monday morning and reached new highs, with the peak approaching 108,000 under pressure. Subsequently, following Powell's remarks, the central bank's view on Bitcoin imposed bearish data on the crypto market. The market also pulled back to 92,000 before halting its decline. Although the market fell to around 92,000, it did not break below the 90,000 mark, and the market repeatedly recovered. Over the weekend, the market formed a反v形态, continuing to show bearish momentum. There weren't many thoughts provided over the weekend, but those who consulted on direction and positioning received some insights. From Monday to Friday this week, excluding short-term positions, the total intraday layout yielded 20,927 points, while the姨太total yielded 230 points. Whether the market is easy to trade is evident to everyone. Although there were many losing trades this week, the potential for recovery in the future has minimized losses. I want to remind everyone that losing trades are not frightening; after all, no one can completely control the market. However, managing stop-losses to avoid risks gives us hope for recovering losses. In the current volatile market, doing it right means great rewards, while doing it wrong may lead to liquidation. Therefore, manage your stop-loss well, and as long as you have a foundation, you won’t fear running out of resources.
The current monthly line presents a doji, indicating a potential breakthrough above, but it has not stabilized. With one week remaining until the close, the bull market has not ended. Whether we can close with a bullish candle remains to be verified. After all, a market that does not continuously rise may need a pullback for better gains. The opening point is around 96,500, making this position particularly critical. Now let's take a look at the weekly chart. The KDJ indicator has formed a dead cross, and trading volume has also slowed down. The weekly line shows a pullback pattern, but due to bottom support, the further drop below the 90,000 mark should be noted. While the structure shows a pullback, it is still essential to pay attention to support levels and the impact of next week's Christmas. The market is still likely to recover. This week has seen a significant bearish candle pullback, but we must focus on whether the closing point breaks below the 95,600 line. The Fibonacci 78.6% support closing will not be elaborated here. Let's analyze the shorter cycle that everyone is most concerned about. The intraday market pullback is observed around 95,000, which has already been successfully reached. After the pullback, there was a certain recovery, but the price remains under pressure and moves downward with the middle track. Currently, the Bollinger Bands are narrowing, and the bottom support has stabilized, indicating that a corrective fluctuation is imminent. After the correction, if it stabilizes at the lower band, there will definitely be a recovery pattern. In the short term, we can adopt a bullish perspective regarding the midnight market.
The big coin can be bought between 94,700 and 95,000, targeting around 97,500. The姨太can be bought between 3,290 and 3,320, targeting around 3,400.