2024.12.17 Market Analysis

Interest rates are likely to decrease, Bitcoin is attracting funds in preparation for the annual report, and has risen before the positive news is released. Be cautious with long positions after the 19th.

When the current market is rising with increased volume, do not chase highs, and do not short before any news is announced.

The 4-hour close today is bullish, Ethereum shows a breakout trend, Bitcoin is relatively strong, focus on buying low, initially go long, and consider shorting based on real-time market conditions.

Key levels: Resistance levels 4180, 4300, 116000, 125000; Support levels 3900, 3870, 103000, 1015000.

Ethereum strategy: Long position at 3975 in the live room, add positions at 3890 and 3870; or buy at 3870 and 3890, with a stop loss at 3840, conservative take profit at 4050, aggressive targets at 4120, 4180, and 4300.

Bitcoin strategy: Focus on long positions in the 4-hour timeframe, add to long positions in the live room; buy at 104000 and 103500, with a stop loss at 102600, take profit at 108000, and extreme market conditions target at 115000. #BinanceAirdropsCATandPENGU #BTCNewATH #VANAOpening