Cryptocurrency Circle Yuelin 12.20 Friday, Bitcoin, Ethereum Morning Strategy!
Good morning, friends in the crypto circle! I am your lucky goddess, Yuelin. Last night, the price once again gave a rise, peaking at around 102756, followed by a drop to a low of around 95681. The trades from last night were directly lost! Currently, the price is running at around 97800. Since the drop from around 108000, there has been a decline of nearly 13000 points. Most of the necessary washing has been done. Although the bears appear strong at the moment, as we reach the end of the week, do not blindly chase in; it could be another extreme reversal.
The daily line has again closed in the red. Although it has fallen below the lower track, it lacks certain continuity. During the day, we need to pay attention to whether the price can stabilize at this position. If a stabilization posture appears, then a short-term pullback will continue. If it fails to stabilize, on the contrary, the price will again rebound to recover. From the four-hour structure, the price has been repeatedly pressured at the middle track. It has currently broken the previous strong consolidation correction method, combined with the pullback in space. Today, at the end of the week, pay attention to the changes in bullish and bearish trends. Is it a strong recovery after a pullback or a further decline? If it continues to drop, it will end the strong upward trend, leading to a short-term pullback. Conversely, if it stabilizes and rises to recover, the bulls will continue to gather strength to reach new highs. On Friday morning, we are still waiting for the pullback to finish before planning further bullish moves.
Friday Morning Operation Strategy:
BTC: 97500-97200 Buy Target 100000
ETH: 3420-3400 Buy Target 3550
The above ideas are just Yuelin's personal trading logic and should not be used as investment advice for anyone. They are for reference only. The market is ever-changing, and specific operations are based on market conditions. Data is time-sensitive. If this article helps you, following and liking is your support and affirmation for me.