Today is Christmas! Merry Christmas to everyone!
In the past couple of days, a few counterfeit coins have rebounded well, especially regarding Trump's selection and Grayscale's selection, particularly #ZEN, which has surged nearly three times in the past few days. I emphasized #ZEN and #LPT in the small group on the 17th, when ZEN was only at 17. Grayscale has been buying every day, and retail investors don't have much stock, so it's relatively easy to pump it up. For those who missed out on ZEN, consider LPT. There's also #ssv; I conservatively estimate this coin could reach three digits by Q2 next year!
Alright, we still need to talk about the overall market:
First, Bitcoin: Yesterday, a big 5% bullish candlestick gave a lot of confidence to the bulls. It has now reached a resistance level. At this position, I personally think it's better not to trade; if you do, prioritize short positions. If it strongly breaks through, we can wait for a pullback to enter long positions. If entering a short position here, set the stop-loss at 100,000. Another long position would be to wait for a drop to 91,500, forming a 2B structure with divergence, which is a very good entry point!
Upper resistance: 99,500, 102,700
Support: minor levels 96,000, 94,200, 91,500
Then Ethereum: Similar to the overall market, these are also resistance levels. You can bet on a double top expectation, prioritizing short positions with a stop-loss at 3,550. For long positions, also wait for a breakthrough and then enter on the pullback.
Upper resistance: 3,550, 3,720
Lower support: 3,380, 3,230, 3,000
#BTC #ETH