Analyst Liang Qiu: 12.18 Bitcoin/Ethereum Experiences Significant Retracement Again, Has the Trend Changed

After Bitcoin/Ethereum reached new highs yesterday, it has since pulled back. As of now, Bitcoin has dropped to around 103,200, while Ethereum has also dropped to about 3,810, nearing the important support and resistance level around 103,000. Moving forward, we will focus on this position for support and be cautious of a spike down to the 102,000 level. Our strategy yesterday involved setting up long positions during the retracement, with plans to enter long between 105,000 and 105,800. The evening rise to 107,600 also provided over 2,000 points of space, but then it pulled back again. The market's retracement also gives us opportunities to enter long. If the rhythmic trend does not break support, the market will likely launch again. We should focus on the main trend of swing trading.

Currently, the overall trend, whether in terms of structure or news, leans towards a bullish upward trend. The strategy remains to look upward and be bullish! Bitcoin's weekly K-line has closed above the upward crossover support band of the MA5/10 for three consecutive weeks, gradually forming a bottom support space during the fluctuations below. The overall trend is in a wide-ranging fluctuation, slowly moving upward. From the short-term 1-hour perspective, after the bearish reached the support range and exerted force, the volume has decreased, but the MACD shape below has already formed, indicating that there will still be significant upward space in the future.

The current bull market is very evident, but many people are hesitant to chase after it, fearing to enter or get trapped. Liang Qiu completely understands this psychology; without sufficient insight into the market, one cannot make judgments, making even the best market conditions irrelevant. At this point, what most people lack is not the market but rather the control over trends and their mindset!

In terms of operations, enter long positions on Bitcoin around 102,500 to 103,200 with a target near 105,500; for Ethereum, enter long positions around 3,780 to 3,820 with a target near 3,900. Currently, the market is primarily focused on swings, and this publication has practical effectiveness, with specifics guided in real-time. #加密市场盘整