Life is gradually slipping away, don't dwell on what has been lost. Those moments of warmth and emotion have appeared in your life, and one day, unexpectedly, they will manifest in different forms and depart in various ways. You savor and reflect on them, discovering that life is, in fact, a flowing beauty.
Let's first review the market and trading operations. The weekend market didn't have many highlights. From last Friday's intraday high near 97500, it subsequently dipped to a low of 93500, and most of the weekend was spent oscillating around 94500. Over the weekend, the market peaked at around 95700, and last night, continuing into this morning, it began to dip again, with the low reaching around 93000, clearly indicating a weak oscillating market. In terms of operations, we clearly indicated a short position near 96800 last Friday, and with the market's pullback, we successfully profited. Essentially, our main strategy in recent operations has been to focus on short positions, supplemented by short-term support for small long positions. This trading approach aligns well with the current market conditions, leading to more profits.
Currently, on the daily chart, the price has been declining from a high of around 108300, forming a clear downward curve in the candlesticks, with bearish candles arranged downward. In terms of technical indicators, all moving averages are crossing downward, with the MA7 line suppressing the price movement. Market selling pressure indicates a further need for price dips. As the market continues to dip, the previous low around 92000 becomes quite significant. The current MACD is still in a downward cycle, and the volume of oscillation is somewhat converging. An important point here is that if the price continues to oscillate downward and becomes lower, but the technical indicators complete some repair through oscillation, it will affect the upcoming market, making the time to reach new highs longer.
On the four-hour chart, as mentioned earlier, there is a continuous issue with testing support. The price is approaching the low again, and whether this third test of support will succeed is uncertain. Currently, after the dip, the rebound strength is not high, and the bullish momentum is somewhat weak. For today, it is likely to remain similar to recent patterns, with little significant movement expected during the day. The key time point will still be the evening, driven by the US market, which will serve as a market barometer. Due to the ongoing market washout, market sentiment is low, and there hasn't been much significant capital movement recently.
Considering all timeframes, the short-term operation is still primarily focused on short positions. A short position can be taken near the resistance at 94500, with support at 92000 and 90000 below.
In the short term, Ethereum's performance is currently stronger than Bitcoin's, with a short position available near 3480 and support at 3300 and 3100 below.
In terms of altcoins, on-chain data shows that AI remains the main narrative in the current market and is the primary funding hotspot, with the SOL chain being more active. There is still a lot of potential in this sector, and perhaps the market in 2025 will also reflect AI developments. Therefore, the more segmented tracks of AI are definitely worth paying attention to!
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and specific operations should follow real-time strategies.】
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