2024.12.19 9:42 AM BTC/ETH Trend Analysis
On this night, the main force secured a liquidity of 4.3 billion CNY, with 171,705 people going bankrupt to zero. Despite the large drop, the liquidity has decreased significantly compared to the last spike at 90,200, and the market participation has at least halved!
After several such occurrences, the number of people who can survive in the market is very few. If you already entered the initial position for long-term spot a few days ago, then this big drop today automatically adds to your position. The points below continue to hang, and don’t worry about whether it will reach those points; as long as we set up our ambush well, when the main force tempts the market, it is also the time for us to grasp the market!
BTC Focus
Support: 98,800 / 97,300 / 91,800
Resistance: None
At this moment, 100,000 for BTC is an important psychological barrier. If there is to be a continued drop at the 100,000 level, there must be a pullback to entice bulls to enter, so that the Asian main force can better harvest liquidity. Even if there isn’t a significant pullback, there will still be minor fluctuations, which will attract some people to enter. Once everyone sees stabilization, more people will jump in!
ETH Focus
Support: 3,525 / 3,445
Resistance: None
At this moment, the key point for ETH is the 3,600 integer level, corresponding to BTC's important psychological barrier at 100,000!
At this moment, you must realize the importance of capital preservation losses. Yesterday, an old friend said well: It's hardest to teach people to teach, but teaching a task to someone just once is enough!
Those who have been paying attention to Brother Sao for a long time know that we have 70-80% of our positions allocated for long-term accumulation in batches, 10% of our positions for contracts to cover daily living expenses, and 10% of our positions for some mid-term excess profits! We absolutely will not allow the result of a liquidation to exist, nor will we allow a bull market to dance without chips!
Continue to wait for Europe and Asia to take action, and don’t rush to act in the morning! The large drop in the early morning has already occurred, so how could it reverse immediately? The market normally needs to go through a consolidation and bottoming phase after a drop, and these processes all require time!