Track real-time hotspots in the cryptocurrency circle and seize the best trading opportunities. Today is Tuesday, December 31, 2024. I am Wang Yi Bo! Good morning, everyone. Hardcore fan check-in👍 Like and make a fortune🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes collectively fell, 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 more than 3%, Intel down more than 2%, Apple, Microsoft, Amazon, and Meta down more than 1%, Google and Netflix down slightly; Nvidia rose slightly. Recently, we can see that not only bitcoin, but also major assets such as U.S. stocks and gold have undergone significant adjustments, but the logic behind them is different. The main logic behind the adjustment of bitcoin is the temporary easing of geopolitical risks and the upcoming entry into 2025, as well as the demand for profit-taking as King Don is about to take office. Yesterday, there was a contrast in the flow of Bitcoin and Ethereum spot ETFs, leading to increased volatility in the crypto market!




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On Monday, the price of the currency basically showed a range-bound operation. In the evening, the price of the currency reached a low point of 91510 and quickly rebounded. In the early morning, the price of the currency rose strongly to the 95000 level but failed to stabilize and quickly fell back, testing the 91800 level. Currently, the 90000 integer level below is relatively important. As long as the bulls can hold it, there will still be a rebounding force. Otherwise, the bears will continue to create new lows. In the short term, the rebound from the low level is transitioning to a reversal, accompanied by consolidation and retracement. Yesterday's retracement still remained above 91500, the defense of the minor cycle's secondary low point. In terms of specific layout, we still adhere to the usual long strategy, directly opening long positions around 91800, and continuing to look for breakthroughs and continuation of the upside. The 4-hour chart shows an upward channel oscillation with 91800 as the stepping stone. The 4-hour pattern is still bullish. Today, the operational secondary low point is a critical point, and the breakthrough point is a support point. The closing price last night was high, so there is a high probability of continuing to rise today. Although the upward space is not much at the moment, with continuous testing, a breakthrough is only a matter of time.


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On the Ethereum side, the morning saw a trend of oscillating price after the high. In the evening, there was also a retracement, quickly rebounding after touching the low point. The current level of 3300 still has strong support, which is also the support level for both long and short positions at the weekly level, so at least breaking below this level can continue to look down. The support below is around 3220-3120-3050. If it does not fall below 3300, the market will still be oscillating within a range. The resistance above is 3383-3445. It is necessary to break through these two resistance levels at least to continue looking up for a reversal. After a strong rebound at the bottom, it is currently in a state of adjusting and accumulating strength. If the strong support is not broken, the idea of buying on the retracement should be maintained, and the layout should be carried out again to test the suppression platform.