From the market perspective, the current market is in a pullback phase and forming a bottom, with significant volatility! However, it is overall in a consolidation trend. As long as there is no substantial volume leading to new lows, this trend can be considered normal consolidation. During this period, if you want to trade, you must rely on indicators, place buy orders at support levels during pullbacks, and set stop losses. For short-term operations, strictly control positions and execute the trading plan. For long-term holdings, just hold them without moving. If you are fully invested in profitable assets, consider reducing some positions at highs to use for buying more at lows.
Bitcoin BTC has support levels at 92600, 91800, and 89500 USD, with a resistance level near 99300 USD.
ETH has key support levels at 3190 and 3100, with resistance levels at 3486, 3605, and 3725 USD.
If you want to trade contracts, it is recommended to focus mainly on BTC, ETH, and SOL. For positions that are already leveraged, it is not advisable to stack with altcoin contracts to avoid increasing risks. For long-term holding in the spot market, if you have positioned at a low in November, just hold it long-term. Frequent swing trading is not recommended. If the entry price is relatively high, you need to sell in batches according to the pressure levels to secure profits!
As we approach Christmas and New Year's Day, some users are cashing out, leading to an overall decline in liquidity. Coupled with the negative news from Fed Chairman Powell's speech a few days ago, it still has some impact on the entire crypto market. Before Trump takes office on January 20, there will be multiple fluctuations to wash out positions, so I remind everyone to respect the market, protect your capital, lock in profits, and definitely do not fall before dawn arrives.
Finally, I wish all family and friends that the coins they bought rise every day, and may they become wealthy in the bull market!
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