$BTC The Euro market has risen as expected. Next, pay attention to the position at 953. If the four-hour close is not above this level, it is very likely that the US market will pull back.

2024/12/31 1:50 PM Today's Perspective

On the last day, today will also conclude the monthly and yearly charts. The closer we get to this time, the more we need to control our actions. Regardless of how 2024 has been, let all the unhappiness become a thing of the past. In 2025, may you have unexpected luck and sudden surprises.

Last night, we reminded those who entered at 91800 to take profits. We are still a bit short of the final target of 953, but the profit range of 3000 is already quite good. Those who bought in at 933-938-941 have also exited (re-entering at lower levels), and how much profit you make is up to you.

Back to the market, yesterday the Bitcoin price began to rebound after probing around 915, reaching a high near 950. The four-hour closing was above 940 twice, but unfortunately, it did not break through 953 and came back down after one closing, indicating there is still a need for a short-term pullback. Therefore, buying the dip will have to wait for further declines. From a timing perspective, it is highly likely that results will come by the end of this week. Currently, we are still focused on short-term trading, and at this time, it’s essential to maintain a good mindset, control your actions, and patiently wait. In recent days, the U.S. has been on holiday, and there has been net outflow from ETFs almost every day without any buying, coupled with a poor performance in U.S. stocks, leading to a continuous decline, and Bitcoin has also been following this downward trend.

Now that it has fallen below the low of 924, there is currently no substantial support below. The 915 level can only serve as a short-term reference support and cannot confirm if it is the bottom. If you are really afraid of missing out, it is still advisable to enter in batches, at least in 3 parts. Additionally, for those buying the dip, even when prices begin to warm up, it is unlikely to rise sharply. It will probably continue to rise slowly, similar to the current downward trend. Therefore, maintain a good mindset and do not panic when it touches resistance and experiences some pullbacks. As for today, still refer to the entry points of 918-908 for short-term buying, targeting 933-943. If it continues to break through, look at the resistance levels shown in the image above.

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