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Our Academy page serves as your guide. Through 'How to' videos, you can see practical demonstrations of many activities you can perform on our platform. You can also follow our weekly and monthly technical analyses.

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Weekly Technical Analysis

Check out our latest market and cryptocurrency analyses every week.


1. Bitcoin (BTC) Weekly Analysis

Current Price: 101,726 USD

Support and Resistance Levels:

  • Main Support: 100,000 USD and 97,500

  • Main Resistance: 103,500 USD and 106,000 USD
Technical Indicators:

  • RSI (Relative Strength Index):Currently at 67, suggesting balanced conditions with potential for upward movement.

  • MACD:Positive, with momentum still intact.

  • Volume: Low but steady, indicating buyers are actively defending support levels.
Expectations:

  • If BTC holds above the $100,000 support level, it is expected to move towards $103,500. Breaking this level could push the price toward $106,000. However, if $100,000 support fails, a drop to $97,500 is possible.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,678.67 USD

Support and Resistance Levels:

  • Main Support: 3,600 USD and 3,500 USD

  • Main Resistance: 3,750 USD and 3,850
Technical Indicators:

  • RSI: Currently at 65, indicating neutral momentum with room for upward movement.

  • MACD:Positive and maintaining its position above the signal line.

  • Volume: Stable but neutral, with buyers defending key support levels.
Expectations:

  • If ETH holds above $3,600, it is expected to test $3,750. A breakout above $3,750 could push the price towards $3,850. However, if $3,600 fails to hold, a decline to $3,500 may occur.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance: BTC dominance continues to rise, supporting a bullish outlook as investors focus on safer assets.

  • Macro Economic Factors:U.S. unemployment and inflation data this week could impact the market. Positive developments may fuel upward momentum.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: 100,500 USD
  • Target: 103,500 USD and 106,000 USD
  • Stop-Loss: 99,500 USD
  • Success Rate: 72%

Ethereum (ETH/USDT):

  • Long: 3,620 USD
  • Target: 3,750 USD and then 3,850 USD
  • Stop-Loss: 3,550 USD
  • Success Rate: 70%

Weekly Strategy

The market shows a slight upward bias this week. If Bitcoin and Ethereum sustain their support levels, upward movements are expected. However, careful risk management with well-placed stop-loss orders is essential.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 106,801.6 USD

Support and Resistance Levels:

  • Main Support: 105,000 USD and 102,000

  • Main Resistance: 110,000 USD
Technical Indicators:

  • RSI (Relative Strength Index):RSI is at 70, firmly in the overbought zone, increasing the likelihood of a short-term correction.

  • MACD:Positive but flattening, indicating weakening bullish momentum and the potential for a bearish shift.

  • Volume: Rising selling volume highlights bearish sentiment and potential profit-taking near resistance levels.
Expectations:

  • BTC is expected to test $105,000 support early in the week. A breakdown below $105,000 could lead to a drop toward $102,000, as overbought conditions persist. Resistance at $110,000 is likely to hold unless renewed buying interest emerges.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,945.96 USD

Support and Resistance Levels:

  • Main Support: 3,800 USD and 3,650 USD

  • Main Resistance: 4,100 USD
Technical Indicators:

  • RSI: At 68, nearing overbought levels, suggesting limited upside potential and a higher risk of correction.

  • MACD:Flattening near a potential bearish crossover, indicating weakening momentum.

  • Volume: Selling volume is increasing, reflecting growing bearish sentiment.
Expectations:

  • ETH is likely to test $3,800 support early in the week. If this level fails, further declines toward $3,650 are possible. Resistance at $4,100 is expected to cap upward movements without renewed bullish momentum.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance:BTC remains dominant, but bearish sentiment is emerging due to overbought conditions and macroeconomic concerns.

  • Macro Economic Factors:The Federal Reserve's recent rate hike has triggered a risk-off sentiment, driving selling pressure in cryptocurrencies.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Short: 106,500 USD
  • Target: 105,000 USD and 102,000 USD
  • Stop-Loss: 108,000 USD
  • Success Rate: 72%

Ethereum (ETH/USDT):

  • Short: 3,900 USD
  • Target: 3,800 USD and then 3,650 USD
  • Stop-Loss: 4,050 USD
  • Success Rate: 70%

Weekly Strategy

The market is showing signs of correction due to overbought conditions and bearish macroeconomic factors. Short positions are favorable this week, particularly near resistance levels. Effective risk management, including the use of stop-loss orders, is essential in these volatile market conditions.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 97,126 USD

Support and Resistance Levels:

  • Main Support: 95,000 USD

  • Main Resistance: 99,000 USD and 101,000 USD
Technical Indicators:

  • RSI (Relative Strength Index):RSI is at 68, nearing the overbought zone, which suggests caution for potential pullbacks.

  • MACD:Positive, indicating the bullish momentum is intact.

  • Volume: Steady and increasing, reflecting strong buyer activity.
Expectations:

  • BTC may trade between $95,000 and $99,000 early in the week. A breakout above $99,000 could push the price toward $101,000 by week’s end. However, overbought conditions could lead to temporary pullbacks near resistance levels.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,698.96 USD

Support and Resistance Levels:

  • Main Support: 3,600 USD

  • Main Resistance: 3,800 USD and 3,950 USD
Technical Indicators:

  • RSI: Currently at 65, balanced but approaching overbought conditions.

  • MACD:Positive and above the signal line, suggesting further upward movement.

  • Volume: Rising volume indicates solid buying interest.
Expectations:

  • ETH is expected to range between $3,600 and $3,800 in the early part of the week. A breakout above $3,800 could push the price toward $3,950. Watch for overbought conditions as the price nears resistance levels.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance:Bitcoin continues to dominate the market, drawing liquidity away from altcoins.

  • Macro Economic Factors:Markets remain focused on U.S. economic data, especially inflation reports, which could inject volatility into crypto prices.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: 95,500 USD
  • Target: 99,000 USD subsequently 101,000 USD
  • Stop-Loss: 94,000 USD
  • Success Rate: 68%

Ethereum (ETH/USDT):

  • Long: 3,650 USD (near support level)
  • Target: 3,800 USD and then 3,950 USD
  • Stop-Loss: 3,550 USD
  • Success Rate: 70%

Weekly Strategy

The market continues to show bullish tendencies. However, approaching resistance levels may trigger profit-taking, leading to short-term corrections. Use stop-loss orders to manage risk and monitor global economic developments closely.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 98,370 USD

Support and Resistance Levels:

  • Main Support: 97,000 USD

  • Main Resistance: 100,000 USD and 102,500 USD
Technical Indicators:

  • RSI (Relative Strength Index):Currently at 72, firmly in the overbought zone, indicating a potential for short-term correction.

  • MACD:Positive and above the signal line, showing strong bullish momentum.

  • Volume: Increasing volume supports the ongoing upward trend, suggesting strong buyer interest.
Expectations:

  • If BTC holds above $97,000, it is likely to test $100,000. Breaking through this psychological barrier could push the price toward $102,500. However, caution is necessary due to overbought conditions.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,858.28 USD

Support and Resistance Levels:

  • Main Support: 3,800 USD

  • Main Resistance: 4,000 USD and 4,150 USD
Technical Indicators:

  • RSI:Currently at 65, showing a balanced position but nearing overbought levels.

  • MACD: Positive and above the signal line, signaling potential for upward movement.

  • Volume: Steady volume growth indicates buyer dominance, supporting further price increases.
Expectations:

  • If ETH maintains above $3,800, it is expected to test $4,000. Breaking this level could see the price move toward $4,150. Buyers should watch for weakening momentum as RSI approaches overbought levels.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance:Continues to rise, shifting liquidity towards BTC and favoring BTC-centric trades.

  • Macro Economic Factors: Markets remain attentive to inflation data and potential interest rate hikes, which may inject volatility into crypto markets.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: 97,500 USD (near support level)
  • Target: 100,000 USD subsequently 102,500 USD
  • Stop-Loss: 96,500 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: 3,820 USD (near support level)
  • Target: 4,000 USD and then 4,150 USD
  • Stop-Loss: 3,750 USD
  • Success Rate: 68%

Weekly Strategy

The market outlook is bullish, with BTC and ETH showing strong upward potential. Monitor key resistance levels and global economic developments. Always use stop-loss orders to manage risk effectively.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 94,915 USD

Support and Resistance Levels:

  • Main Support: 93,000 USD

  • Main Resistance: 96,000 USD and 98,500 USD
Technical Indicators:

  • RSI (Relative Strength Index):RSI is currently at 70, placing it near the overbought zone, indicating a risk of short-term corrections.

  • MACD:MACD remains in the positive zone above the signal line, signaling strong bullish momentum.

  • Volume: Increasing volume shows continued interest from buyers, supporting the upward trend.
Expectations:

  • If BTC maintains its position above the $93,000 support, it is likely to test $96,000. Breaking through this resistance could push the price toward $98,500. However, caution is advised as overbought conditions may lead to pullbacks.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,483.96 USD

Support and Resistance Levels:

  • Main Support: 3,400 USD

  • Main Resistance: 3,550 USD and 3,700 USD
Technical Indicators:

  • RSI:Currently at 62, indicating a balanced position without extreme overbought or oversold pressure.

  • MACD: Positive and above the signal line, suggesting further upward movement is possible.

  • Volume: Increasing volume indicates active buyer participation, supporting the bullish trend.
Expectations:

  • If ETH remains above the $3,400 support level, it is expected to rise toward $3,550 and potentially $3,700 in the coming week. Sideways movement is possible if buyer momentum decreases.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance:Rising BTC dominance continues to redirect liquidity away from altcoins, favoring BTC-focused trades.

  • Macro Economic Factors: The market is closely monitoring global financial developments, particularly U.S. inflation data and potential rate hikes, which could introduce volatility.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: 93,500 USD (near support level)
  • Target: 96,000 USD subsequently 98,500 USD
  • Stop-Loss: 92,500 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: 3,420 USD (near support level)
  • Target: 3,550 USD and then 3,700 USD
  • Stop-Loss: 3,350 USD
  • Success Rate: 68%

Weekly Strategy

The market outlook remains positive for the week, with BTC and ETH showing bullish potential. Traders should remain cautious of global economic developments and manage risks by using stop-loss orders effectively.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 91,923 USD

Support and Resistance Levels:

  • Main Support: 90,000 USD

  • Main Resistance: 93,000 USD and 95,000 USD
Technical Indicators:

  • RSI (Relative Strength Index): The weekly RSI is approaching the overbought zone, signaling a potential risk for a short-term correction.

  • MACD:The MACD line remains in the positive zone, indicating that the uptrend is intact.

  • Volume: A recent increase in volume shows strong buying activity, supporting the bullish trend.
Expectations:

  • If BTC holds above the $90,000 main support level, the upward movement is likely to continue, targeting $93,000 initially. However, caution is advised due to the overbought condition reflected by the RSI.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,168.71 USD

Support and Resistance Levels:

  • Main Support: 3,100 USD

  • Main Resistance: 3,250 USD and 3,400 USD
Technical Indicators:

  • RSI:The RSI level for ETH is balanced around 60, indicating a neutral position with no immediate overbought or oversold pressure.

  • MACD: The MACD is above the signal line in the positive region, suggesting potential upward movement toward resistance levels.

  • Volume: Increasing volume indicates that buyers are becoming more active.
Expectations:

  • If ETH maintains its position above the $3,100 support level, it could aim for $3,400 in the upcoming days. However, if the buying momentum weakens, a sideways movement might persist.

3. Overall Market Outlook and News Flow

  • Bitcoin Dominance:BTC's market dominance is rising, which may redirect liquidity away from altcoins and make BTC-centric trades more appealing.

  • Macro Economic Factors: The global financial focus remains on U.S. interest rate policies and inflation data, which could inject volatility into crypto markets.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: 90,500 USD (near support level)
  • Target: 93,000 USD subsequently 95,000 USD
  • Stop-Loss: 89,000 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: 3,120 USD (near support level)
  • Target: 3,250 USD and then 3,400 USD
  • Stop-Loss: 3,050 USD
  • Success Rate: 65%

Weekly Strategy

The market outlook remains positive for the week, but global economic developments could lead to fluctuations. It is crucial to remain cautious with trades and use stop-loss orders to manage risk effectively.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 88,729 USD

Support and Resistance Levels:

  • Main Support: 85,000 USD

  • Main Resistance: 90,000 USD and then 92,500 USD
Technical Indicators:

  • RSI (Relative Strength Index): The weekly RSI is around 70, near the overbought zone, which may signal a short-term correction.

  • MACD: The MACD line is in the positive zone, above the signal line, indicating that the uptrend may continue.

  • Volume: The recent increase in volume suggests strong buying pressure.
Expectations:

  • As long as BTC remains above the 85,000 USD main support level, upward movement may continue, targeting 90,000 USD initially. However, due to the RSI near the overbought area, a short-term correction should also be considered.

2. Ethereum (ETH) Weekly Analysis

Current Price: 3,364.77 USD

Support and Resistance Levels:

  • Main Support: 3,200 USD

  • Main Resistance: 3,500 USD and 3,700 USD
Technical Indicators:

  • RSI: ETH’s RSI is around 65, showing no extreme overbought or oversold condition. This suggests that ETH may trade sideways for a few days before choosing a direction.

  • MACD: The MACD is in the positive zone and above the signal line, indicating potential for the price to reach resistance levels.

Expectations:

  • If ETH holds above the 3,200 USD support level, it may rise towards 3,700 USD in the latter half of the week. However, if buyer pressure is weak, ETH could continue trading sideways.

3. Altcoin Market Weekly Outlook

  • Bitcoin Dominance:BTC’s market dominance is high, indicating that liquidity from altcoins may shift toward BTC, making BTC-focused trades more attractive, especially in the early part of the week.

  • Macro Economic Factor:Global financial markets are focused on U.S. interest rate decisions and inflation data. Rate hike expectations could lead to fluctuations in the crypto market.

Overall Strategy and Expectations

  • Bitcoin and Ethereum: Long positions for BTC and ETH might have a higher success rate this week, but resistance levels mentioned above need to be breached. In this case, 85,000 USD for BTC and 3,200 USD for ETH are critical thresholds.

  • Altcoin Strategy: As BTC dominance increases, altcoins may experience a temporary decline. Therefore, caution in altcoin trades and purchases near support levels may be more prudent.

Weekly Trade Suggestions

Bitcoin (BTC/USDT):

  • Long: 90,000 USD and subsequently 92,500 USD
  • Stop-Loss: 84,000 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: 3,500 USD and then 3,700 USD
  • Stop-Loss: 3,150 USD
  • Success Rate: 65%

Weekly Strategy

This week’s general market outlook is positive, but global developments may cause fluctuations in the market. Caution is advised in both pairs, and using stop-loss orders should not be overlooked.



By The Ventrobi Team

1. Bitcoin (BTC) Weekly Analysis

Current Price: 69,614 USD

Support and Resistance Levels:

  • Main Support: 68,000 USD

  • Main Resistance: 71,000 USD and then 72,500 USD
Technical Indicators:

  • RSI (Relative Strength Index): On the weekly chart, the RSI level is still near the overbought zone, indicating strong buying pressure in the market. However, a short-term correction may still be possible.

  • MACD: The positive MACD line supports a bullish trend, with the MACD line above the signal line on the weekly chart. This aligns with an upward trend in the price.

  • Volume: Increased volume last week signals stronger demand for Bitcoin and heightened investor interest.
Expectations:

  • If Bitcoin holds above 68,000 USD, it is likely to test the weekly resistance at 71,000 USD. If this level breaks, a short-term target of 72,500 USD could be in play. However, if the price drops below the 68,000 USD support level, a potential pullback to the 66,500 USD area is possible.

2. Ethereum (ETH) Weekly Analysis

Current Price: Around 3,500 USD (example)

Support and Resistance Levels:

  • Main Support: 3,300 USD

  • Main Resistance: 3,600 USD and 3,750 USD
Technical Indicators:

  • RSI: Ethereum’s weekly RSI level is balanced, suggesting no significant overbought or oversold conditions at current prices.

  • MACD: A slightly bullish MACD shows potential for ETH prices to continue an upward weekly movement.

  • Volume: Increased volume in Ethereum over the past week indicates active buying interest.
Expectations:

  • If Ethereum holds the 3,300 USD support level, it may reach the short-term targets of 3,600 USD and then 3,750 USD. However, if it falls below 3,300 USD, a potential pullback to the 3,200 USD support level could occur.

3. Altcoin Market Weekly Outlook

  • Bitcoin Dominance:Bitcoin's market dominance remains high, indicating that liquidity in the altcoin market may continue to shift toward Bitcoin. Thus, a significant surge in altcoins may not be expected until Bitcoin’s movement stabilizes. However, altcoins could start to recover gradually if Bitcoin’s price remains steady.

  • Notable Altcoins: Key altcoins like Litecoin (LTC) and Chainlink (LINK) are seeing strong buying interest. These altcoins may test their resistance levels on a weekly basis. However, caution is advised as market volume and momentum are concentrated in Bitcoin.

Weekly News and Impact

  • Macroeconomic Data: Inflation data in the U.S., along with other global developments this week, could cause short-term fluctuations in the crypto market. Expected interest rate increases may create some volatility.

  • Institutional Investments: Recently, institutional interest in Bitcoin and Ethereum has grown. Further institutional purchases this week could trigger sudden price increases.

Weekly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: From 68,500 USD, with targets at 71,000 USD and 72,500 USD.
  • Stop-Loss: 67,500 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: From 3,350 USD, with targets at 3,600 USD and 3,750 USD.
  • Stop-Loss: 3,250 USD
  • Success Rate: 65%

Weekly Strategy

This week, there are buying opportunities in major cryptocurrencies such as Bitcoin and Ethereum, though a more cautious approach is advised for altcoin trades. Trades can be entered near the support levels mentioned, and profits can be taken around resistance zones. Considering potential volatility from macroeconomic events—particularly U.S. inflation data—using stop-loss levels for risk management is essential.



By The Ventrobi Team

Monthly Technical Analysis

Check out our latest market and cryptocurrency analyses every month.

1. Bitcoin (BTC) Monthly Analysis

Current Price: 94,442 USD


Support and Resistance Levels:

  • Main Support: 92,000 USD

  • Main Resistance: 96,500 USD and 99,000 USD
Technical Indicators:

  • RSI (Relative Strength Index): Currently at 64, indicating BTC is close to the upper range of neutral territory, which suggests a likelihood of consolidation or a short-term correction.

  • MACD: Flattening, signaling weakening bullish momentum with the potential for sideways or downward movement.

  • Volume: Decreasing, highlighting reduced participation and the possibility of sharp price moves due to lower liquidity.
Expectations:

  • Bitcoin is likely to consolidate between $92,000 and $96,500 during January. A break below $92,000 could lead to further declines toward $89,500. Meanwhile, any attempts to break above $96,500 may face resistance without substantial buying activity.

2. Ethereum (ETH) Monthly Analysis


Current Price: Around 3,348.98 USD

Support and Resistance Levels:
  • Main Support: 3,200 USD

  • Main Resistance: 3,500 USD and 3,650 USD
Technical Indicators:

  • RSI: At 61, showing neutral momentum but tilting slightly bearish.

  • MACD: Weakening and nearing a bearish crossover, indicating a growing risk of further downward pressure.

  • Volume:Declining volume suggests reduced buyer interest, leaving the market vulnerable to volatility.
Expectations:

  • Ethereum may test $3,200 support during the month. A break below this level could result in a decline to $3,050. Resistance at $3,500 may hold firm unless significant bullish momentum develops.

Overall Crypto Market Monthly Outlook

  • Bitcoin Dominance: BTC continues to dominate the market but is showing signs of fatigue amid broader risk-off sentiment.

  • Macroeconomic Factors: The market remains cautious due to global macroeconomic uncertainties, including inflation, interest rates, and geopolitical developments.

Monthly Trade Recommendations

Bitcoin (BTC/USDT):

  • Short: 94,000 USD
  • Targets: 92,000 USD and then 89,500 USD
  • Stop-Loss: 96,000 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Short: 3,350 USD
  • Targets: 3,200 USD and then 3,050 USD
  • Stop-Loss: 3,500 USD
  • Success Rate: 68%

Overall Strategy and Conclusion

The market is leaning towards consolidation and potential corrections as key bearish indicators prevail. Traders are advised to focus on short opportunities and maintain disciplined risk management. Monitoring global macroeconomic developments will be critical for navigating market movements effectively.



By The Ventrobi Team


1. Bitcoin (BTC) Monthly Analysis

Current Price: 98,548 USD


Support and Resistance Levels:

  • Main Support: 95,000 USD

  • Main Resistance: 100,000 USD and 105,000 USD
Technical Indicators:

  • RSI (Relative Strength Index): RSI remains at 70, indicating overbought conditions, which may lead to consolidation or corrections during the month.

  • MACD: Positive, signaling the continuation of a bullish trend, with strong momentum.

  • Volume: Sustained and rising, showing significant buyer interest.
Expectations:

  • BTC is expected to consolidate between $95,000 and $100,000 in the first half of December, allowing RSI to cool off.
    A break above $100,000 could lead to testing $105,000 or even higher, as strong bullish sentiment dominates.
    Watch for potential profit-taking near key psychological levels, such as $100,000 and $105,000, which could cause temporary pullbacks.

2. Ethereum (ETH) Monthly Analysis


Current Price: Around 3,861.80 USD

Support and Resistance Levels:
  • Main Support: 3,750 USD

  • Main Resistance: 4,000 USD and 4,250 USD
Technical Indicators:

  • RSI: RSI is at 66, slightly below overbought levels, suggesting potential for further gains but with limited room for extended moves.

  • MACD: Positive, indicating upward momentum and potential for testing higher resistance levels.

  • Volume: Strong and consistent, reflecting robust buyer participation.
Expectations:

  • ETH is likely to trade within a range of $3,750 to $4,000 in the first two weeks of December.
    A breakout above $4,000 could target $4,250 or higher. However, caution is advised as RSI approaches overbought conditions.
    Any pullbacks toward $3,750 would provide attractive entry points for buyers.

Overall Crypto Market Monthly Outlook

  • Bitcoin Dominance: Expected to remain high, keeping liquidity focused on BTC and major altcoins like ETH.

  • Macroeconomic Factors: Markets will closely watch U.S. economic data, particularly inflation reports and Federal Reserve rate decisions, which may introduce volatility.
  • Altcoin Activity: Altcoins may see reduced momentum if Bitcoin continues to dominate. Selective altcoins with strong fundamentals could still perform well.

Monthly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: Entry near 96,000 USD
  • Targets: 100,000 USD and then 105,000 USD
  • Stop-Loss: 94,000 USD
  • Success Rate: 70%

Ethereum (ETH/USDT):

  • Long: Entry near 3,780 USD
  • Targets: 4,000 USD and then 4,250 USD
  • Stop-Loss: 3,700 USD
  • Success Rate: 65%

Overall Strategy and Conclusion

December 2024 is shaping up to be a bullish month for Bitcoin and Ethereum, driven by strong momentum and positive market sentiment. Traders should be cautious of key resistance levels and potential profit-taking. Always use stop-loss orders to manage risks and monitor global economic developments that could impact the market.



By The Ventrobi Team


1. Bitcoin (BTC) Monthly Analysis

Current Price: 69,614 USD


Support and Resistance Levels:

  • Main Support: 65,000 USD

  • Main Resistance: 75,000 USD and 78,000 USD
Technical Indicators:

  • RSI (Relative Strength Index): On the monthly chart, the RSI level is not yet in the overbought zone, suggesting the continuation of the uptrend. However, as the RSI approaches 70, buying pressure may start to slow.

  • MACD: MACD remains in the positive region, supporting a long-term bullish trend. This positive MACD reading indicates the price could maintain an upward movement throughout the month.

  • Volume: Rising volume over recent months signals increased market confidence and suggests high demand for BTC.
Expectations:

  • As long as BTC holds above the 65,000 USD support level, the upward trend is likely to continue. The first target is 75,000 USD, and if this level is breached, BTC may reach the 78,000 USD resistance zone. However, if the 65,000 USD support fails, a corrective move towards the 62,000 USD level could occur.

2. Ethereum (ETH) Monthly Analysis


Current Price: Around 3,500 USD (example)

Support and Resistance Levels:
  • Main Support: 3,000 USD

  • Main Resistance: 3,800 USD and 4,000 USD
Technical Indicators:

  • RSI: Ethereum’s monthly RSI level is balanced, indicating that the price is neither in an overbought nor oversold zone, which may point to price stability.

  • MACD: The monthly MACD also shows a slight bullish trend, suggesting that ETH may have upward movement potential throughout the month.

  • Volume: The increase in Ethereum’s volume also indicates strong demand and heightened buying interest.
Expectations:

  • If ETH holds above the 3,000 USD support level, it could test the 3,800 USD and 4,000 USD resistance levels. Selling pressure may increase around these resistance points, so profit-taking should be considered. If the 3,000 USD support level breaks, ETH could pull back towards the 2,800 USD level.

Overall Crypto Market Monthly Outlook

  • Bitcoin Dominance: BTC’s market dominance remains high, reflecting a preference among investors for Bitcoin as a safer haven, which may temporarily lower demand for altcoins.

  • Macroeconomic Factors: Global markets are focusing on interest rate decisions and inflation data, particularly in the United States. High inflation and potential interest rate hikes continue to make crypto assets attractive. Expectations of rate hikes could influence market volatility throughout the month.

Altcoin Analysis and Expectations

  • Altcoins: While Bitcoin’s dominance persists, larger altcoins may experience some fluctuations. However, if BTC continues its uptrend, capital could shift back into altcoins later in the month, potentially spurring a recovery in the altcoin market. Key altcoins like Litecoin (LTC) and Chainlink (LINK) may present buying opportunities near strong support levels.

Monthly Trade Recommendations

Bitcoin (BTC/USDT):

  • Long: Entry near 65,500 USD (close to the support level)
  • Targets: 75,000 USD and then 78,000 USD
  • Stop-Loss: 63,000 USD
  • Success Rate: 75%

Ethereum (ETH/USDT):

  • Long: Entry near 3,100 USD (close to the support level)
  • Targets: 3,800 USD and then 4,000 USD
  • Stop-Loss: 2,950 USD
  • Success Rate: 70%

Overall Strategy and Conclusion

This month presents strong buying opportunities in primary cryptocurrencies like Bitcoin and Ethereum; however, a more cautious approach is advised for altcoin trades. Pay close attention to the 65,000 USD support level in Bitcoin and the 3,000 USD support level in Ethereum. Additionally, a sustained rise in BTC could have a positive impact on the altcoin market.

Considering the impact of U.S. inflation data, maintaining stop-loss levels and risk management will be crucial.



By The Ventrobi Team