Track real-time hotspots in the coin circle, seize the best trading opportunities. Today is Friday, December 27, 2024. I am Wang Yi Bo! Good morning, friends in the coin community ☀ Hardcore fan check-in 👍 Thumbs up and get rich 🍗🍗🌹🌹

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The three major U.S. stock indexes closed mixed overnight. The Dow Jones rose 0.07%, the S&P 500 fell 0.04%, and the Nasdaq fell 0.05%. Bitcoin and Ethereum are showing a flag pattern again. Bitcoin is now trading at $95,573, down 0.37%, and Ethereum is now trading at $3,330. Bitcoin and Ethereum are gradually stabilizing, while smaller cryptocurrencies are taking turns to rise. The main hot sectors are still in a correction phase.


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Yesterday morning, Bitcoin surged to near 99500, then experienced a significant retreat during the day, with the lowest point reaching 95137 before stabilizing in the evening. Currently, on a short-term basis, the market sentiment is volatile with no strong continuation for both bulls and bears. The price shows obvious weakness in the downside, indicating a period of weak adjustment. With clear resistance above and no further breakthrough in support below, it is highly probable that the market will continue to maintain a range-bound consolidation rhythm. Strong pressure remains concentrated at the 100,000 mark, with short-term pressure in the 97200-98500 range, and strong support at the 93200 level, with short-term support at 95000. Currently, there is no significant negative or positive news affecting the market, so there are no conditions for a significant decline or rise. Therefore, it is advisable to adopt a range-bound approach for now.


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Ether has been falling continuously, with a pressure on the retracement from the high point of 3515, and the lowest point has reached the 3303 support level. It has now successfully touched the lower rail area of the small cycle to stop the fall. The moving average has shown a clear zigzag shape, and the 3300 short-term support is also very strong. The pulling and dragging, the hourly chart moving average indicators are in a messy and divergent state, and the short-term still needs time to pull and tug. In this small range of oscillation, the overall trend is still in the process of conversion and adjustment. Currently, it is close to the lower end of the range, and short-term longs can be laid out relying on the support below, with a rebound space of about 㸔 wave. Combined with the real-time market situation and the form, we need to observe while walking.