Tracking the hotspots in real time of the coin circle, seizing the best trading opportunities, today is Tuesday, December 31, 2024, I am Wang Yi Bo! Good morning to all coin friends☀ Hardcore fan presence👍 like and good luck 🍗🍗🌹🌹

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The three major US stock indexes collectively closed lower overnight, with the Nasdaq down 1.19%, the S&P 500 down 1.07%, and the Dow down 0.97%. Most major technology stocks declined, with Tesla falling over 3%, Intel falling over 2%, Apple, Microsoft, Amazon, and Meta falling over 1%, and Google and Netflix falling slightly; Nvidia rose slightly. Recently, we can see that not only Bitcoin, but also US stocks, gold, and other important assets have seen obvious adjustments, but the logic is different. Among them, the logic of Bitcoin's adjustment is mainly the gradual reduction of geopolitical turbulence risk, as well as the imminent entry into 2025, the imminent appointment of the king, and the need for profit-taking. Yesterday, there was a contrast between the outflow and inflow of Bitcoin and Ethereum spot ETFs, which increased market crypto volatility!
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Monday mainly presented swing operations, with the coin price falling to test the bottom, touching the support line at 91510 and quickly recovering. In the early morning, the coin price quickly rose to 95000, but failed to hold steady and fell again, testing the support at 91800. Currently, the 90000 mark is quite important. If the bulls can hold it, there will still be strength for a recovery; otherwise, the bears will continue to establish new lows. The short-term recovery is turning into a reversal, with consolidation and retracement. Yesterday, the retracement still held above 91500, defending the short-term support. In terms of strategy, we still maintain a buying mentality, opening direct positions near 91800 and continuing to seek new highs. The upward swing of the channel continues with 91800 as a stepping point. The bullish pattern is still visible on 4-hour intervals. Today's retracement point is critical, and the break is a support point. Yesterday's close was bullish, and it is highly likely to continue to rise today. Currently, the upside space is limited, but with continuous attempts, the break is just a matter of time.
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Ethereum had an upward trend in the morning and then entered a period of oscillation. In the evening, it underwent a correction and quickly recovered after reaching a low. The support line around 3300 is still strong at the moment, it is also a support for bulls and bears at the weekly level, so it is necessary to break this position to continue the decline. The supports below are around 3220-3120-3050 positions. If it doesn't fall below 3300, the market will continue to oscillate in this range. The key resistance levels are 3383-3445, and it is necessary to break these two resistances to continue the upward trend and reverse the trend. After a strong recovery impulse at the bottom, the market is currently in a consolidation and energy accumulation phase. If the strong support is not broken, the buy low strategy should be maintained and another positioning opportunity should be sought to test the resistance platform.