When looking at the 12-hour chart at that time, recent continuous decline was evident, and the weekly chart even displayed a bearish trend resembling dark clouds covering the top. However, our operation remained short-term. On the 12-hour line, there was a dip to 91509.7 in the evening, followed by continuous pulling back, with the highest point reaching 95000. From a larger trend perspective, Bitcoin is about to enter 2025. Many Institutions predict that Bitcoin will reach new heights in 2025, likely surpassing 150,000 in the first half of the year, with the end-of-year target possibly reaching 180,000. Moreover, Bitcoin's appreciation speed in market investments outstrips that of Gold and S&P 500, making this very attractive bullish news for investors.
Returning to the hourly line,technical indicatorsit shows that after breaking below 92000, the downward k forms a high wave line, followed by a doji star, which then rebounds. When it rises to 94500, the bear market intensifies, forming a hammer line and a shooting star. It is clear that the battle between bulls and bears remains intense, and both the decline and subsequent rise revolve around this doji star as support, which is hard to break in the short term, and support has been confirmed.
Yesterday's operation review:
Hongwei's strategies and analyses provided yesterday can be found in the previous article, and the analyses have proven accurate. Enter long positions at market prices between 93000-93500, aim for profit at 94500, add to positions at 92500, and set a stop loss at 91500. During the first wave of decline, as long as there is no panic and it hasn't reached the stop loss at 91500, the lowest point was 91509, which is still above the stop loss. Due to the 12-hour line, unless it falls below 91500, further declines are unlikely, and the stop loss provided is very precise.
Adding to positions at 92500 can yield a profit of 2000 points, and entering long positions at 93000 can yield a profit of 1500 points, totaling 3500 points.
Based on the analysis above, Hongwei's strategy for today is as follows:
Hongwei's Bitcoin BTC strategy from December 31:
Look for long positions between 92600-92800, take profit at 93800, add to positions at 92000, and set a stop loss at 91000.
Strategy analysis: Currently, the larger market trend is still unclear, as the weekly chart still has a dark cloud cover pressing down. Entering large long positions is certainly not advisable, but at the current level of 92600, trying to short again doesn't seem realistic, especially since multiple 12-hour lines have already provided strong support at 92000. The downside is limited to 91000, so we set this level as the stop loss.
As for the level at 93800, it was established from a long period of sideways trading yesterday, as everyone has certainly been trading here for a long time. If it breaks through, we continue to look for long positions; if not, we return to 92000. Therefore, the levels provided by Hongwei are still quite stable. During uncertain times, these can be referenced for trading operations.
Ethereum ETH strategy Share for December 31:
Buy Ethereum at market price between 3350-3361, aim for a take profit at 3400, add position at 3339, and set a stop loss at 3300.
Since there is a doji at the 3400 level, both sides are currently very momentum-driven, we choose to avoid conflict and opt for safety. 3339 is another support level from earlier.ResistanceIf the resistance holds, we continue buying. Overall, the trend of Ethereum over the past four days is still stronger than Bitcoin, with a larger increase.
The Ethereum levels provided in yesterday's strategy could yield a profit of 23 points, which is a small gain worth securing.
As long as we accurately identify the trend, Hongwei will encourage everyone to enter the market decisively. Hongwei does not pursue the size of profits, only focusing on data; if the data suggests large potential, we follow the trend. Bitcoin could realize at 3500, and since the market direction is unclear, we secure a small profit, while Ethereum realizes at 23.
Hong Wei's message:
The essence of trading is survival, and only then is it about profit. Therefore, think carefully before each operation about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading strategy and continually optimize and improve it. Although Hong Wei's suggestions regarding cryptocurrencies may not make you rich overnight, they can ensure your persistence. Only those who survive in the cryptocurrency market for the long term and stick it out until the end can achieve the results they desire. I hope you can understand!
