2024-12-21 04:00:37

For longs, the toughest day has passed. The low buy-in points in the morning yesterday were estimated, and now the average price looks very advantageous. BTC has pulled back several times near 90,000, which is a rebirth. The rebound hit 96,000-97,000 at once, then digested the pressure at 98,200, and will once again push for 100,000 and above. This directly indicates that the bull market is not over. If it ends, the bear market will directly drop below 90,000, 80,000, 70,000, etc., starting from 97,700.

The 177.85 near the middle rail of the sol weekly chart is now seen as the bottom. No one can guarantee that a pullback to this level will definitely be the lowest point, nor should one deliberately pursue the lowest point to enter. If you don't even take a position near the middle rail of the weekly Bollinger Bands, it means you are expecting the cryptocurrency market to go to zero.
Today Rebound approached the resistance near 97750, and the support moved up to 95755. Normal long positions can be entered by pulling back to 96085-95755.

BTC0.97%

W6.18%

SOL1.57%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.