Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Tuesday, December 31, 2024.

We can see that not only Bitcoin, but also major assets such as US stocks and gold have undergone significant adjustments, but their logics are different. The logic behind the adjustment of Bitcoin is mainly the phased easing of geopolitical risks and the upcoming appointment of the new chairman in 2025, which has led to the need for profit-taking. Yesterday, there was a discrepancy between the outflow and inflow of Bitcoin and Ethereum spot ETFs, which increased the volatility of the cryptocurrency market!
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On Monday, it basically presented a main trend of oscillating operation. In the evening, the coin price experienced a downward probing and touched the low point of 91510 before quickly rebounding. In the early morning, the coin price surged to a high of 95000 but failed to stabilize and quickly fell back, testing the 91800 level at its lowest. Currently, the 90000 integer level below is relatively important. As long as the bulls can hold, there is still the strength of a counterattack. Otherwise, the bears will continue to move to new lows. In the short term, the rebound from the low has begun to turn into a reversal, accompanying consolidation and retracement of momentum. Yesterday's retracement still remains stable above 91500, the defense of the short-term low point. In terms of specific layout, we still adhere to the consistent long strategy, directly entering long positions near 91800, and continue to look for breakthroughs. The 4-hour chart oscillates upward with 91800 as the stepping channel. The 4-hour pattern still looks bullish. Today's operation of the short-term low point is a critical point, and the breakthrough point is the support point. The evening ended at a high position, and it is highly likely that it will continue to rise today. Currently, there is not much room for upward movement, but after continuous testing, a breakthrough is only a matter of time.
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Etherium ushered in a volatile trend after a morning high. It also experienced a retreat in the evening, quickly rebounding after a test at a low point. The current support at the 3300 level is still relatively strong, and this support is also a support level for the weekly trend. Therefore, it needs to break below this level in order to continue downward. The support levels below are around 3220-3120-3050. If it doesn't fall below 3300, the market will continue to oscillate within this range. The resistance levels above are 3383-3445. It needs to break through these two resistance levels in order to continue the upward reversal. After a strong rebound at the bottom, it is currently in a state of consolidation and preparing for another test of the suppression platform. The strong support remains intact, and the strategy is to continue to build positions on dips.