🚢12.28 is the midday market outlook.🚢
$BTC 's perspective:
It falls but can't really go down, and it rises but can't really go up. It's honestly quite tricky! Bitcoin and Ethereum are starting to undergo intermediate adjustments again.
It's that time to choose a direction. The MACD fast line for Ethereum on the daily level has already gone below the zero axis; if the slow line also goes below the zero axis, it means bears are controlling the market, which is very dangerous.
Bitcoin needs to break through 94615 and close above it with volume on the hourly level to pursue more on the right side and recover stop losses.
If it pulls back to 94158 and falsely breaks below it, recover with a light long position; stop loss at the previous low. If there’s no recovery action, don’t go long.
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Bitcoin must break and hold above 94817 on the hourly level to look up at 95502-96524. Especially since today is Saturday, if it can't break 94817, it'll just develop sideways, so pay attention to changes in volume.
If it breaks down with volume below 94158, pursue shorts on the right side and recover stop losses.
Watch for a false breakdown at 96524 above Bitcoin, and short lightly with one hand; if it breaks 97000, you must stop loss.
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Conservative types should wait for Bitcoin to retest the previous low of 93440 before going long directly; stop loss if it breaks 93000. Bet that it won't break 93000.
On the 4-hour level, 94000 should not break down; if it does, I'm really afraid it won't hold near 92434. If 94000 breaks again, continue looking down at 93663-92387-91391.
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Upper pressure: 94867-95288-96578
Lower support: 94070-93672-92434
Bitcoin's 4-hour level highs and lows are continuously decreasing, and it keeps creating new lows. Each drop on the 4-hour level has volume and price, while rebounds have either volume with no price or price with no volume.
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$ETH 's strategy:
Ethereum breaks through 3338 with volume on the right side to pursue more; recover stop losses.
If it pulls back to 3314, confirm support with an effective long position; stop loss if it breaks.
Ethereum on the hourly level has a potential butterfly pattern; the prerequisite for completing the butterfly pattern is to break 3365. If the butterfly pattern forms, the target positions above can be 3403-3446. Otherwise, everything is off the table.
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For Ethereum above 3383, short lightly with one hand; stop loss if it breaks 3400.
Left-side orders: long lightly at 3309; exit if it breaks 3292.
If 3314 is broken with volume, pursue shorts on the right side and recover stop losses.
On the 4-hour level, if Ethereum breaks below 3306 and can’t recover in time, pay attention to the two positions below: 3259-3206.
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Upper pressure: 3365-3405-3464
Lower support: 3308-3292-3255
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