Bitcoin Market Analysis on December 31st Afternoon!
Today is the last day of 2024, it's time to say goodbye to the past self, letting go of worries and pain, and welcoming the new year. For those who feel confused in the market, it might be a good idea to follow the market rhythm and seize opportunities.
Bitcoin has shown rollercoaster-like volatility, with intense battles between bulls and bears. After touching 91500 during the midnight period, a rebound occurred, and in the early morning, it faced resistance again near 95000 and retraced. Currently, the price is oscillating around 92000. After the KDJ indicator has narrowed, it is expected to form a golden cross, which means that bulls may continue to rise, and there is still room for upward movement in the short term. Therefore, the intraday short-term strategy can adopt a high short and low long operation approach.
Consider going long on Bitcoin in the range of 92000-91500, with a target around 94500.
Go long on Ethereum in the range of 3320-3300, with a target around 3450.
