Cryptocurrency News
December 28th Hot Topics:
Grayscale Analyst: Ethereum's rise on Wednesday indicates that the market has finally shifted to ETH-centered trading.
Pan Du, a licensed asset management company in Hong Kong: Extends the effective period for lowering the blockchain ETF subscription and redemption fees to the end of 2024.
ETH Whales cleared their positions in the early morning today, with a cumulative profit of $5.67 million.
Zhao Changpeng has applied for a travel permit to the federal court responsible for handling the case.
US Congressman Warren: 2024 will be the perfect time to dismiss the chairman of the SEC.
Trading Insights
Abandon greed, speculation, and fantasies, and always maintain a calm mind.
Greed, seeking more regardless of the rules, is a major taboo in investment. There should be logical analysis and regular analysis of market trends, as well as market psychology analysis, rather than speculation. Do not have too many fantasies about the market, operations, or profits, as the market is very realistic and unrealistic expectations are easily refuted. Maintain a calm attitude towards earning more or less, especially during the learning phase.
Search for the public account: Big White on Coins
BTC
Analysis
Bitcoin yesterday retraced to the support level of 42100 and then rebounded, reaching a high near 43760 before falling back. Congratulations to friends who followed yesterday's strategy, with long positions gaining 1500 points. Currently, the price is running near 43570. Although the four-hour trend is oscillating upwards, it has not been able to break the previous high, showing a weaker trend compared to Ethereum. The overall trend is still oscillating at a high level. The MACD is gradually increasing with a bullish crossover, and the MA7 is turning upwards, indicating a short-term upward trend. However, it is expected to experience a pullback near the resistance before continuing to rise if it does not break the MA30. Looking at the daily chart, the market retracement has not broken the bullish trend of MA30. If it can stabilize above MA7, there is a chance to challenge new highs. With significant volatility approaching the end of the month, pay attention to risk management. The suggested strategy is to focus on long positions on retracements and short positions on highs, with resistance at 43800-44400 and support at 43000-42500.
ETH
Analysis
Ethereum retraced to the support level of 2210 yesterday and rebounded, with the price breaking through to a new high of 2444 before falling back. Congratulations to friends who followed yesterday's strategy, with long positions gaining 200 points. Currently, the price is running near 2405. The four-hour trend showed a strong rebound after bottoming out, but caution is advised against blindly shorting. Short-term expectations include a retracement to repair the MA moving average, with limited downside potential. On the daily chart, the MACD has turned from bearish to bullish with a golden crossover. If the closing price can stay above 2400, it will likely break new highs; otherwise, it will undergo a corrective rebound before rising again. The suggested strategy for the day is to focus on long positions on retracements and short positions on highs, with resistance at 2440-2460 and support at 2380-2350.
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