#$GT Keeps Breaking New ATH!

Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Saturday, December 28, 2024, I am Wang Yibo! Good morning to all coin friends ☀ Iron fans check in 👍 Like and get rich 🍗🍗🌹🌹
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Overnight, the three major US stock indexes collectively fell, with the Nasdaq down 1.49% and a cumulative increase of 0.76% for the week; the S&P 500 index fell 1.11%. The cryptocurrency market maintains its irregular and volatile trend, with Bitcoin now at $94,384 and Ethereum at $3,325. The entire market is at a delicate turning point.
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The overall market of Bitcoin last night revolved around the range of 94000, experiencing a volatile trend. After hitting a bottom around 93410, it entered a rebound mode, showing a relatively strong oscillating trend, ultimately reaching a high point of 94789. Looking at the daily K-line of Bitcoin, it continued to close with a bearish candlestick. During the pullback process, it broke below the position of 97000, creating a situation of luring buyers before diving down, breaking the previous low point of 95000. Fortunately, the position of 94000 at the bottom formed effective support. A triple bottom trend has formed in the 4-hour chart, and once this triple bottom pattern is established, the subsequent trend tends to release a strong bullish signal. When the triple bottom pattern is perfectly constructed, the price usually breaks through the neckline. This breakthrough action is of great significance, as it marks a significant increase in bullish strength and indicates that an uptrend is about to begin. After breaking the neckline, there may be a pullback to test the effectiveness of the neckline as support. If the neckline can provide strong support, then the price will continue to rise, initiating an anticipated upward journey. Currently, due to the weakened overall liquidity over the weekend, it is more prudent to adopt a strategy of selling high and buying low between corresponding resistance and support levels!
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Yesterday, Ethereum hit a low point of 3306 and then started to rise, reaching a high point of 3365 and encountering resistance. It then entered a pullback phase. From the 4-hour chart, it is clear that the recent market has not seen much continuation for both long and short positions. The market is mainly oscillating around the upper and lower bands of the Bollinger Bands. The price bounced back after reaching the lower band support, and the rebound is expected to continue. Since the market is currently in a range-bound pattern, it is advisable not to focus too much on one direction. The resistance levels cannot be effectively broken, so there are opportunities for both long and short positions. After all, the weekend market sets the tone for the next week, and taking advantage of high selling and low buying will surely yield results. After two days of volatility, it will also be a time for recuperation and rejuvenation!