December 24th BTC and ETH Christmas holiday coming, fierce tiger unleashed?

On Christmas Eve and the holiday, the market will close early on Wednesday evening, and the US stock market will be closed all day Thursday.

Currently, there are two core points in the market: first, strong economic data has reinforced expectations of the Federal Reserve cutting interest rates; second, geopolitical tensions in the Middle East and between the US and Ukraine are recurring, driving safe-haven sentiment.

Yesterday, we placed long positions at 864-867. Most of you should have already entered after the US stock market opened, as the news caused a sudden surge above 881, which is roughly 1,500 points. After a pullback, we continued to add positions and pushed higher near 884. However, the price still failed to break through the 887 resistance level, and the market started to retrace, with the lowest pullback around 867.

Currently, our focus is on the low point of 865 from last night’s pullback. If it breaks below this level, there is room for further decline; if it holds, we can look for an upward move.

BTC trading suggestion: buy at 85,800-86,266, target 88,000, break above to see 88,700-89,500.

ETH trading suggestion: buy at 2,870-2,888, target 2,980, break above to see 3,030-3,060.