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📅 Event Time: Dec 30, 2024, 07:00 AM - Jan
Track the real-time hotspots in the currency circle, seize the best trading opportunities. Today is Monday, December 30, 2024. I am Wang Yi Bo! Good morning, everyone in the currency community ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
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Time flies, and there are only two days left in 2024. The wonderful week has come to an end, and a new year is approaching next week. The competition and game between major powers intensify, breaking established principles, leading to an unprecedented credit crisis in the world's currency and financial system. Although the global economy has suffered heavy blows, there are opportunities hidden within the crisis. The financial market has unlimited potential, and the so-called "impossibility" is often just a self-imposed assumption. The prices of Bitcoin and gold are soaring, ushering in a bull market. Market adjustments are only temporary, and continuously filling chips in the hands of spot trading during the retracement phase, waiting for the moment of frenzy to come!
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After rebounding from the 95700 level on Sunday morning, Bitcoin has been fluctuating and falling all the way. The overnight low touched the 92979 level and started a small rebound. Currently, the trend is still relatively effective, and the support is gradually moving down slowly. The price of the currency is also returning to correction. This process also takes some time. The short-term support near 93000 can be used for consolidation or correction. It depends on the size of the space for the correction. If the space is large, it is a deep adjustment. If the space is small, it is a horizontal consolidation and correction. With more waves and more opportunities, both long and short positions have opportunities. Flexible response can be achieved by combining forms. Pay attention to the 95000-96000 area as the upper pressure, and the 92200 level as the lower support. If this position continues to break, it is likely to open up new downward space, so currently, let's continue to view it as a weak adjustment in the short term.
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On the Ethereum side, it has been oscillating within a range for nearly 10 trading days, and has not been able to make a breakthrough. After rebounding from the 3410 level yesterday, it continued to oscillate and fall. It once again touched the 3320 level in the early morning, but the rebound was very weak. Currently, not only has no effective repair structure been presented at the internal level, but the suppression zone above is quite dense. At the same time, the rebound expectations brought by the short-term form are extremely weak. In the early session, we should first focus on the breakthrough situation of the 3420 level above, and if it breaks through, it will rely on the strong support given by 3300 for upward repair and progression. If it fails to stabilize, we need to be vigilant against the possibility of a new daily level retracement in price at any time.