On December 24, Bitcoin's price retraced and fell below 87,000. Will we still have to endure hardship in the last week of this year?

CN
13 hours ago

Crypto Circle News

December 24 Hot Topics:

1. SEC sues crypto platform for AI fraud, retail investors lose $14 million

2. Crypto.com is hiring quantitative traders to manage sports prediction market making

3. Gnosis Chain executes a chain-level hard fork this week to recover over $116 million from a hacking incident

4. Anthony Pompliano's view: The lack of extreme Bitcoin price increases by the end of the year means there won't be a crash in the first quarter

5. Trump criticizes the market's "good news not rising" phenomenon and warns dissenters not to take the helm of the Federal Reserve

Trading Insights

  1. Studying how to make money is the fastest way to improve understanding.
  2. Trading can easily lead to profits, but also to losses.
  3. Be more certain of one viewpoint: set positions based on acceptable losses before opening a position.
  4. If the risk-reward ratio is 1:2, even a win rate of 40% can justify opening a position.
  5. Trust your strategy.
  6. If the price reaches your desired level, open the position directly without waiting.
  7. Set stop-loss and take-profit levels as soon as you open a position.
  8. Focus on the rate of return rather than the amount of profit or loss.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and test the waters.

The data is real, and each trade has a screenshot from when it was sent.

**Search for the public account: *Big White Talks About Coins*

Bilibili and YouTube account: Daquan777

BTC

Analysis

Bitcoin's weekly chart is still in a consolidation range, with no confirmed direction. Currently, there is an upper shadow on the bearish candle. Resistance above: 94,000 (upper edge of the rectangle + trend resistance), support below: 85,000 (upward trend line). The trend reversal is not confirmed, maintaining a judgment of range-bound consolidation. The daily chart formed a "Evening Star" pattern yesterday; if it continues to close bearish, the "Three Black Crows" pattern will be established, indicating further downside potential. Key levels: First support: 85,200 (lower edge of the channel + POC), Second support: 84,000 (rounded top neckline); rebound resistance: 90,500 (midline of the channel); MACD shows a golden cross but with weakening momentum, RSI shows a death cross; focus on the 4-hour chart for short-term opportunities.

In the short term, on the 4-hour level, the larger trend is in a consolidating upward channel, currently operating between the midline and lower edge of the channel. A smaller upward channel has formed, and the price is currently at a critical intersection of the downward trend line and the lower edge of the channel. This position is very crucial; watch for resistance around 89,300 (midline of the small upward channel), with secondary resistance around 91,000 (midline of the larger upward channel).

If the support at the lower edge of the larger channel at 84,500 is broken, a continuation of the downward trend will be established.

In terms of indicators, MACD and RSI show a death cross pointing downwards.

XRP's weekly chart is at a major top M neckline, with eight consecutive bearish candles, indicating a possibility of a rebound from oversold conditions. If the weekly chart breaks below 1.78, the downward trend will continue, and if it holds, it will enter a triangular convergence. The daily chart is operating within a downward channel, with MACD showing a clear bullish divergence. A breakout above 1.92 could see a rebound to 2.2; if it breaks below 1.77, there will be no reversal conditions. The 4-hour chart shows an increase in volume on the rise and a decrease in volume on the pullback, with key support near the rounded top neckline at 1.77.

ETH

Analysis

Today's announcement of the U.S. GDP growth for the third quarter was quite good, far exceeding expectations. However, the impact on risk markets has been very weak, mainly due to concerns that a strong economy will hinder the Federal Reserve from cutting interest rates in 2026. This concern prompted Trump to speak out, essentially calling for trust in the Federal Reserve Chairman to lower interest rates. Trump feels powerless against Powell, and all that remains is to wait for Powell's term to end.

In the ETF data, it has been mentioned multiple times that we have already entered the Christmas market, and some investors have started their holidays, leading to a noticeable decline in liquidity and trading volume. In this context, narrow fluctuations are highly probable, as the willingness to buy and sell in the market has decreased. Tomorrow is Christmas Eve, and trading volume will inevitably decline further. A pullback to the 2,810-2,777 range could be a good opportunity to go long, with rebound targets looking towards 2,925-3,000.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.

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