2024.12.22 Market Analysis

Bitcoin Daily

Resistance Level: Around 98500

Support Level: Around 95000

Yesterday, the weekend market fluctuation was not too large, Bitcoin fluctuated by 3%, which is acceptable, with the highest rebound reaching around 99540. The resistance level we provided yesterday was between 99000-100000, which aligns with our expectations. The daily closing price yesterday was still above the life line. Today's resistance level is set at around 98500, and the support level is set at around 95000. A death cross has appeared on the 3-day moving average, and if there is a rebound to the resistance level today, it may be a good opportunity to short. Next week, there may continue to be oscillations downward. Recently, the trading strategy is to short at highs, and do not easily go long; if going long, make sure to enter and exit quickly, do not be greedy. Wishing everyone a pleasant weekend.

Ethereum Daily

Resistance Level: Around 3460

Support Level: Around 3100

Yesterday, Ethereum had quite a large fluctuation, with movements exceeding 7%, and the highest rebound reached around 3555. The resistance level we provided yesterday was 3550, which was also within our expectations. We advised everyone to take a rest, and mentioned that if one cannot control their hands, they can short near the resistance level. Today's resistance level is set at around 3460, and the support level is set at around 3100. A death triangle has appeared on the daily chart, and a death cross has also appeared on the 3-day moving average. The decline of Ethereum may continue for a while, possibly until the end of the month. The trading strategy is to short at highs, and for those holding long positions, be sure to enter and exit quickly, do not be greedy. Wishing everyone a pleasant weekend.

The above information is for reference only and does not constitute investment advice.