Track real-time hotspots in the cryptocurrency circle and seize the best trading opportunities. Today is Tuesday, December 31, 2024. I am Wang Yibo! Good morning, coin friends ☀️ Hardcore fan check-in 👍 Like and get rich 🍗🍗🌹🌹

💎
💎
Overnight, the three major U.S. indices collectively closed lower, with the Nasdaq down 1.19%, the S&P 500 down 1.07%, and the Dow down 0.97%. Most large-cap tech stocks fell, with Tesla down over 3%, Intel down over 2%, Apple, Microsoft, Amazon, and Meta down over 1%, Google and Netflix slightly down, while Nvidia rose slightly. Recently, we can see not only Bitcoin, but also major assets such as U.S. stocks and gold have experienced significant adjustments, each with different underlying reasons. The logic behind the Bitcoin adjustment is mainly the temporary easing of geopolitical risks, as well as the upcoming year of 2025 when the new king is about to take office, leading to profit-taking demands. Yesterday, the Bitcoin and Ethereum spot ETFs showed disparities between outflows and inflows, intensifying volatility in the crypto market!
💎
💎
On Monday, the price of the currency basically fluctuated within a range during the day. In the evening, it experienced a bottoming out and quickly rebounded after reaching a low of 91510. In the early morning, the price surged to the resistance level of 95000 but failed to stabilize and quickly fell back, testing the support level at 91800. Currently, the key support level of 90000 is crucial. As long as the bulls can hold it, there is still potential for a rebound. Otherwise, the bearish trend will continue and new lows may be formed. In the short term, the rebound from the low is turning into a reversal, accompanied by consolidation and retracement. Yesterday's retracement remained above 91500, the support level of the recent low. In terms of specific strategies, we still adhere to the long position, directly entering long positions around 91800 and continue to look for breakthroughs and extensions. The 4-hour chart shows an upward channel oscillation with 91800 as a stepping stone. The 4-hour pattern still indicates an upward trend. The critical point for today's operation is the recent low, and the breakthrough point is the support level. The price closed at a high level last night, so it is highly likely to continue to rise today. Although there is not much upward space at the moment, with continuous testing, a breakthrough is just a matter of time.
💎
💎
In the morning, the Ethereum side experienced a high and then entered a volatile trend. It also experienced a retreat in the evening and quickly rebounded after testing the low. Currently, the support level around 3300 is still strong, and this support is also a support level for both long and short positions on the weekly chart. Therefore, it needs to fall below this level to continue downward. The support levels below are around 3220-3120-3050. If it doesn't fall below 3300, the market will still oscillate within a range. The resistance levels above are 3383-3445. It needs to break through these two resistance levels at least to continue upward and reverse the trend. After a strong rebound from the bottom, it is currently in a state of consolidation and building up energy. As long as the strong support is not broken, the strategy of buying on dips can be maintained, and further layout can be done to test the suppression platform.