The third week of December has ended, and there is only one week left until 2025. I believe everyone thinks time flies, especially since the big coin that was at 40,000 in February has now reached nearly 110,000. In the blink of an eye, the big coin is giving us 100,000, and we are about to welcome a new year in 2025. As per usual practice, let me briefly review the market for this week. At the beginning of the week, in line with our predictions from last week, early Monday morning continued to show bullish volume with the intraday continuation of a rising trend, reaching a peak of around 108,000 under pressure. Subsequently, following Powell's speech, the central bank's stance against holding Bitcoin created a wave of bearish data for the crypto market. The market also retreated to 92,000 but did not break below the 90,000 mark. The market repeatedly recovered, and the weekend's market once again formed a reversed V-shape, continuing to provide bearish volume. The weekend did not provide too many strategies, but friends who consulted on direction and positioning received some information. This week, from Monday to Friday, the intraday layout totaled a profit of 20,927 points, while Auntie made a total profit of 230 points. Whether the market is easy to trade is evident to everyone. Although there were more losses this week, the future holding power has compensated for the losses. I want to remind everyone that losses are not scary; after all, no one can fully control the market. However, managing stop-losses to avoid risks gives us hope for recovering losses. Currently, with such large market fluctuations, doing it correctly leads to significant gains, while doing it wrong could lead to liquidation. Therefore, manage your stop-losses well; leaving the green mountains means you won't fear not having firewood.
The current monthly line shows a doji candlestick, indicating a potential breakout to the upside, but it has not stabilized. With one week left until the close, the bull market has not ended. Whether it can close with a bullish candlestick remains to be seen; after all, a pullback in a continuously rising market is also meant for a better surge. The opening point is around 96,500, making this position particularly critical. Now let's take a look at the weekly line. The KDJ indicator has formed a dead cross, and the trading volume has also slowed down. The weekly chart is showing a pullback pattern, but due to bottom support, it has not further broken below the 90,000 mark. Although the structure shows a pullback, we still need to focus on support levels and the impact of next week's Christmas holiday. The market is still likely to recover. This week, a large bearish candlestick has pulled back, but we need to focus on whether the closing point falls below the 95,600 level. The Fibonacci 78.6% support closing is critical, but I won't go into too much detail here. Let's analyze the short cycle that everyone is most concerned about. The intraday market pullback is looking at the vicinity of 95,000, which has already been successfully reached. After the pullback, it has provided a certain level of support, while the price remains under pressure and moves downward along the middle track. Currently, the Bollinger Bands are narrowing, and bottom support has stabilized, so a corrective fluctuation is imminent. After the correction, if it stabilizes at the lower track, there will definitely be a recovery pattern. As for the short-term market, we can adopt a bullish outlook for the midnight market.
Buy the big coin between 94,700-95,000, targeting around 97,500. Buy Auntie between 3,290-3,320, targeting around 3,400.
