December 25th, Old Leeks Discuss Cryptocurrency

Market Review and Analysis

The overall market is warming up, but yesterday's performance in altcoins was still quite strong, especially in the gaming sector, which performed particularly well. The recent market has been recovering, and AGLD's focus performance has bounced back today, truly impressive. After a drop yesterday, it has returned to its peak. Those who sold at the recent high and have now returned to the cost level did not receive recommendations. If anyone traded through two rounds, that would be impressive. The overall rebound of the second coin yesterday was also quite good, returning to around 3500. The key now is to see when the second coin can break 3800 and stabilize; that will signify the real start of the next market round, and the altcoins will rise as a whole, beginning to rotate. However, this round will still be initiated by gaming; recently, the focus should be on the gaming sector, with a priority choice being YGG.

Today's Highlights

Bitcoin has returned to the highest position near 100000 today, which is exactly the resistance zone discussed yesterday. According to the current trend, the support level is around 95000-96000. On the upside, the resistance can be expanded to the range of 104000-108000, indicating that the market will continue to surge. Bitcoin will move upward in a fluctuating manner, but during this process, we should be cautious of potential spikes. Even if spikes occur, there will be a quick rebound, so there is no need to worry too much; just pay attention if you are trading contracts.

ETH's current trend is quite clear, bouncing to the resistance level around 3500, and it will be in a consolidation phase. According to the current stage, the effective support level is in the range of 3360-3420, while the key upper point to watch is 3800. If all goes smoothly, it should first touch the 3800 level this week or stabilize at 3800 to open up more space above. This will result in good performance for both the market and altcoins. For now, do not be overly bullish; short-term operations should involve running to the target and not being overly ambitious. Just place a couple of long-term operations to double your investment and then withdraw the capital; separate operations will suffice.