Time flies, and there are only two days left in 2024. A wonderful week has come to an end, and a new year awaits us next week. Looking back over the past week, we have seen fruitful results in our real trading. Only through continuous reflection and summarization can we better identify our shortcomings and correct our mistakes. Accumulating experience on the road of investment is the most important; losing trades are not scary, what’s frightening is how to regain confidence. Many friends have joined this week, including those who have experienced losses and were hesitant in their operations. However, after our continuous adjustment and improvement, they have regained confidence and achieved good results.
This week, the market has been unpredictable, but we have made our utmost effort to grasp every wave of the market we can. In terms of this week’s performance, Bitcoin has gained a total of 18,832 points, and Ethereum has gained a total of 792 points. The layout for Bitcoin has been extensive, but Ethereum's gains have also been quite impressive. Next week, we will continue to work hard and greet the new year with our best posture.
Currently, from the market perspective, the KDJ indicator line shows a dead cross downward, with the market experiencing a surge up to the mid-track before facing pressure and falling back, returning to a downward trend near the lower track. The support at the bottom is evidently still around 93,500; if this support holds, we can look forward to a rebound. If it breaks and stabilizes below 93,500, we can look at the continuation around 92,000. Although there has been an increase in bearish volume, it has not broken through the corresponding strong support, so we will focus on the 93,500 line for our layout.