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Thursday, December 12
31213855467 Review of the latest CPI data and the trend of the US stock market opening. Last night, as expected, the CPI data led to a rally, similar to last Friday's non-farm payroll market. Before the CPI data was released, Jiu Ling consistently reminded to go long! Everyone can refer back to the posts; what Jiu Ling wants to emphasize is the downtrend rule mentioned yesterday: in most cases, a downtrend will not continue for more than 72 hours. This is not mysticism, but a rhythm law of the market.
Currently, the four-hour chart of Bitcoin is in a rebound cycle, and combined with the smaller timeframes, there is a certain degree of pullback and consolidation. It is estimated that a little time is needed to buffer the selling pressure above. It should be noted that, given the current market sentiment, it is highly likely that this pullback will not be very strong, which is something we have been able to clearly feel for nearly two months. As for trading, we will still adopt the strategy of going long on pullbacks, short on the way down, and then long again. For intraday short positions, choose around 101000, while continuing to set up long positions in the range of 990-995 below. The extreme positions in the short term should not break below 980-985, and specific arrangements should follow the real-time market trend!
It is recommended to go long when Bitcoin retraces to the range of 993-995. The short-term target is to first look at 100500, while the swing target is to look at 101000. For the medium to long term, the previous high is the focus.
For Ethereum, go long in the range of 3830-3850, with a target of 70-100 points.
31213855467 Review of the latest CPI data and the trend of the US stock market opening. Last night, as expected, the CPI data led to a rally, similar to last Friday's non-farm payroll market. Before the CPI data was released, Jiu Ling consistently reminded to go long! Everyone can refer back to the posts; what Jiu Ling wants to emphasize is the downtrend rule mentioned yesterday: in most cases, a downtrend will not continue for more than 72 hours. This is not mysticism, but a rhythm law of the market.
Currently, the four-hour chart of Bitcoin is in a rebound cycle, and combined with the smaller timeframes, there is a certain degree of pullback and consolidation. It is estimated that a little time is needed to buffer the selling pressure above. It should be noted that, given the current market sentiment, it is highly likely that this pullback will not be very strong, which is something we have been able to clearly feel for nearly two months. As for trading, we will still adopt the strategy of going long on pullbacks, short on the way down, and then long again. For intraday short positions, choose around 101000, while continuing to set up long positions in the range of 990-995 below. The extreme positions in the short term should not break below 980-985, and specific arrangements should follow the real-time market trend!
It is recommended to go long when Bitcoin retraces to the range of 993-995. The short-term target is to first look at 100500, while the swing target is to look at 101000. For the medium to long term, the previous high is the focus.
For Ethereum, go long in the range of 3830-3850, with a target of 70-100 points.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
99,925.57
-1.31%
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