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Tracking real-time hotspots in the currency circle, grasping the best trading opportunities. Today is Thursday, December 26, 2024. I am Wang Yi Bo! Good morning, friends! ☀ Hardcore fan check-in 👍 Like and make a fortune 🍗🍗🌹🌹
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Good news comes again on a new day. Trump publicly supports the Bitcoin reserve plan, promoting the US government's accumulation of Bitcoin as a strategic asset. The plan has received support from political figures such as Porter and Lummis, and has attracted attention from both parties. Trump's support has given political impetus to this once marginalized concept and has become a watershed moment in the cryptocurrency market. Democratic congressman from California and Republican senator from Wyoming proposed to include Bitcoin in the US reserve assets, partially relying on US gold reserves. However, critics believe that this may strengthen the US's financial dominance and pose a challenge to the decentralized concept of Bitcoin. Nevertheless, supporters believe that this measure will help address the debt crisis and promote global financial innovation. 2024 is about to come to an end. Under the influence of the Christmas holiday, the market as a whole is performing steadily, and the expectation for a strong finish for Bitcoin is relatively clear. From a monthly chart perspective, as time goes on, the upward trend above the short-term moving average remains stable, indicating that the market may continue the momentum of upward movement in 2025, which is a rough outline of the overall trend.
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Bitcoin basically maintained a narrow range of oscillation and consolidation yesterday. The largest wave of market occurred last night, with the highest increase of the big coin reaching 99540 and then falling back under pressure. Due to the news that the US stock market was closed, the daily chart entered a dull oscillation and closed with a doji candlestick. Currently, the price of the coin continues to stay at the middle track for consolidation and correction, waiting for a breakthrough to open up the range and establish a direction. The 4-hour chart of the big coin shows a slight widening of the Bollinger Bands, and it maintained oscillation between the upper and lower bands of the Bollinger Bands yesterday, which is consistent with the oscillation range given yesterday. Although the short-term trend is slightly under pressure and enters consolidation, overall, the key is still to see the breakthrough of the 100,000 level. In the short term, we will continue to observe the wide oscillation between 97000 and 99500. Intraday short-term operations should still focus on shorting at high levels and longing at low levels, and follow the trend after a breakthrough. Currently, the bullish trend is still strong, and for swing trading, we can consider entering long positions at low prices.
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Most of the time, Ethereum oscillated between 3450-3490, with small fluctuations. The market is still in a slow consolidation phase. The four-hour chart shows strong potential to break through the high after experiencing continuous fluctuations. The low point gradually moves up, builds solid support through multiple bottoming, and presents a trend of rapid progress again. The overall trend runs close to the upper rail, and the current volatility is still brewing with small fluctuations. The expectation of a pullback is gradually decreasing, and with the support below constantly moving up, the price is likely to continue to test upwards. Today, keep the mindset of buying on dips and follow up.