2024.12.17 Market Analysis

Bitcoin Daily

Resistance Level: Around 108000

Support Level: Around 102000

Yesterday, Bitcoin once again set a new high, rebounding to around 107793 in the early morning, which exceeded expectations slightly. Today's resistance level is set around 108000, and the support level is set around 102000. The MACD on the Bitcoin daily chart has shown a golden cross, indicating another possible rebound. If it pulls back to around 102000, it might be suitable to open a long position. Currently, Bitcoin is in a volatile upward trend. Whether you are holding long or short positions, remember to take profits when there is a gain. Quick entry and exit are essential; securing profits is crucial. The trading strategy remains to short at highs. Wishing everyone a profitable Tuesday with smiles.

Ethereum Daily

Resistance Level: Around 4100

Support Level: Around 3880

Yesterday, Ethereum rebounded to a high of around 4107 and pulled back to a low of around 3884, which was within our expectations and the fluctuation exceeded 5%. It is best to focus on Ethereum for trading recently, as the volatility is greater than Bitcoin, making options trading more suitable. Additionally, the overall trend for Ethereum is still upward; each pullback is an opportunity for us to go long. The trading strategy for Ethereum is to buy low. For those shorting, remember to enter and exit quickly, and do not be greedy. Wishing everyone a profitable Tuesday with smiles.

The above information is for reference only and should not be considered as investment advice.