This week is Christmas, and the market will be relatively quiet. It is estimated that the行情 will not cause much turbulence. If you want to trade, you can do some short-term small positions; if not, taking a break is also good. After Christmas, the行情 may become clearer. Today is Christmas Eve, wishing everyone a Merry Christmas Eve!



Currently, Bitcoin is stuck in a key range, caught between two difficult levels. We will mainly analyze the current logic from the daily and four-hour charts.

First, look at the daily chart. The 94,000 level is a strong resistance, and 85,000 is a critical support. In the past two days, a "Evening Star" bearish signal has appeared. If the next candle closes lower, the trend may weaken further. The daily chart is forming a potential top arc, with the neckline around 84,000. Although the MACD is still a golden cross, the upward momentum has clearly diminished, and the RSI has already formed a death cross, indicating that the daily trend is weakening.

Next, look at the four-hour chart. Currently, the price is stuck at the intersection of the major and minor trend lines, a rather delicate position. In the short term, to turn stronger, it needs to break through 89,300 first, then challenge 91,000. But if it falls below 84,500, it means the upward structure since the end of last year may be broken, and the downtrend will be confirmed.

There are three key levels to watch: 85,200 as the first defense line, 84,000 as the lifeline—if broken, it could head towards below 80,000; the resistance for rebounds is around 90,500.

The market is now at a critical stage, with signs of weakening on the daily chart. It is recommended to observe more and focus on whether the support in the 84,500 to 85,200 range can hold. If it holds, the market can continue to oscillate; if not, the trend may turn bearish.

Ayou 12.24 Bitcoin Trading Strategy:

1. Short at 88,500-89,500, stop loss above 90,001, target 85,888-85,488

2. Long at 84,588-83,788, stop loss below 81,588, target 85,999-85,499

Ayou 12.24 Ethereum Trading Strategy:

1. Short at 2,960-3,000, stop loss above 3,080, target 2,970-3,010

2. Long at 2,820-2,790, stop loss below 2,888, target 2,900-2,930

The above analysis and strategies are for reference only. Guidance is also available for BTC, ETH, BTAT, ZEC, LUNA, FIL, SOL, XRP, BCH, BNB, FHE. Feel free to communicate at any time.
BTC-0,41%
ETH-0,1%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
BlockhouseGallopsInThvip
· 12-25 10:02
Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas
View OriginalReply1
DailyOrderOperatorvip
· 12-25 06:48
Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas, Merry Christmas
View OriginalReply1
Mehedihasan99vip
· 12-25 04:12
hjkfb hjlhfnn gklggb yklvgg gkkkh
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)