Good morning, brothers~
Today is the last day of 2024~
First, I wish my brothers a Happy New Year in advance. How will BTC move during this transition from the old year to the new?
Let's first look at the data analysis:
From the liquidation map, based on the Bitcoin price around 92400, with 100x leverage, if the market reaches around 95900, it is estimated that about 511 million USD worth of shorts will be liquidated. Conversely, if the market reaches around 90700, it is estimated that about 285 million USD worth of longs will be liquidated.
Market Analysis:
Based on the current market trend, the overall short-term range will be between 90000-94500. Ethereum will trade in the range of 3270-3420, while SOL will trade in the range of 183-196 in the short term.
Market Opinion:
Comparing the trends of Bitcoin and Ethereum, it can be seen that Ethereum and other mainstream altcoins continue to strengthen slightly. However, we still need to focus on whether the market can stabilize at the 90000 level. If it cannot stabilize, no matter how Ethereum tries to make an independent move, it will still be dragged down.
As for the overall trend of the market, it has not really stabilized yet and still shows a weak trend. We should pay more attention to the upcoming market movements, especially since today is the last day of 2024 and also the closing of the monthly line for December. Of course, I still maintain a bullish outlook for the overall market, and it is a good time for us to accumulate positions at lower prices.
Moreover, the major market trend is expected to wait until January. There is a lot of news overall, especially when Trump officially enters the White House, so we should patiently wait for the later market changes.
Spot Recommendations
MEME Sector
TURBO 0.0085, buy in batches near this price, short-term take profit around 0.0014.
BONK 0.000029, buy in batches near this price, short-term take profit around 0.000055.
Additionally, note that the spot strategy is suitable for short-term trading. Among the altcoins, there are many quality coins that cannot all be listed and organized, so I can only recommend a few popular sectors for selection.
