2024.12.23 Market Analysis
Bitcoin Weekly
Resistance level around 100000
First support level around 90000
Second support level around 82000
Bitcoin Daily
Resistance level around 97000
Support level around 92300
The weekly closing for Bitcoin is a large bearish candle. Yesterday, Bitcoin had little fluctuation during the day, but some volatility occurred at night. The resistance level for this week is set around 100000, and the support level is placed at the EMA 10-day line near 90000. If this support level does not hold, it may go down to the second support level around 82000. This week, it is likely to continue moving downward in a volatile manner. The daily closing price yesterday was below the lifeline, and if it can rebound to the lifeline near 97000 today, a short position can be taken, which is also near today’s resistance level. The support level is set at the low points of the previous two days around 92300. The trading strategy for this week is to short at highs, mainly focusing on short positions. If one wants to go long, they must enter and exit quickly without being greedy. Wishing everyone a good start on Monday.
Ethereum Weekly
Resistance level around 3600
Support level around 3050
Ethereum Daily
Resistance level around 3380
Support level around 3100
Last week, Ethereum experienced a large bearish candle, dropping directly by 25%, almost reaching the lifeline. This week, the resistance level is set around 3600, and the support level is at the lifeline near 3050, which is also a significant support level. The daily level still shows a death triangle, with today’s resistance level placed at 3380 and the support level at 3100. Additionally, the MACD fast line has broken below the zero axis, entering the bearish zone. The trading strategy for this week is to short at highs, and those looking to go long should be cautious of risks. This pullback may last until the end of the month, depending on whether 3000 can effectively support. If it does not break below 3000, one can go long. Wishing everyone a good start on Monday.
Wishing everyone a good start on Monday.
The above information is for reference only and does not constitute investment advice.