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#比特币与黄金战争 December 29 Midday Market Quick Review | BTC Breaks Through Key Level
The bulls really haven't stopped — $BTC directly broke through the 90,000 mark, and $ETH also surged to around 3056. Now, looking across all timeframes, the resistance levels have basically disappeared.
Looking below, support is very dense: BTC is stuck around 89500 on the smaller timeframe and unwilling to fall further; below that, 89200, 88800, and 87800 are layers of defense, making a reversal seem unlikely.
This rebound looks quite vigorous, but upon closer inspection, many experienced traders have noticed a problem — the trading volume isn't keeping up, and the important daily-level resistance at 91800 is unlikely to be reached. The key level to watch is 91350, which is likely the second peak ceiling of this rebound. On Ethereum, the high point is estimated to be around 3100 to 3130.
**Trading Reference Directions:**
For BTC — try short around 91000, add positions at 91400, aiming to pull back to the 90000-89500 range; conversely, go long near 89400, add at 89000, and look up towards 90500-91000.
For Ethereum — short around 3100, chase short at 3130, targeting 3000-2980; or go long near 3000, add at 2970, with a target of 3080-3100.
It's a common saying but worth repeating: risks in the crypto space do exist, especially with derivatives trading. Be cautious. Use small positions, reduce trading frequency, strictly set stop-loss and take-profit levels, and develop reliable trading discipline slowly — this is key to surviving long-term.