🍺Market Insights on December 20.
$BTC 's Opinion:
The major coin seems to be forming a W bottom pattern on the hourly chart, but it must break the neckline at 98310 on the hourly level to continue moving upward. The target above is 99013-100200.
If the major coin breaks above 97483 with volume and closes above 97483, go long on the right side, and set a stop loss.
If it pulls back to 95972 and falsely breaks down but closes back above, you can take a small long position, with the stop loss at the fake breakdown low. Do not go long without a recovery action.
If it breaks 95972 downwards directly, go short on the right side, and set a stop loss.
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Pay attention to a 2b false breakout at 100591 to take a small short position, and set a stop loss above 101120. Keep an eye on volume changes.
For a conservative approach, wait for 94747 to go long one position, with a stop loss below 94260.
The major coin cannot break below 95597 on the 4-hour level; if it does and cannot recover, then look down to 94248-93775-92641.
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Upper pressure levels: 98360-99414-100618
Lower support levels: 95902-94827-93893
All highs and lows on the hourly chart for the major coin are decreasing, and it has not yet formed a consolidation continuation. The direction is unclear; be patient and wait for the major coin to form a consolidation continuation before opening a position.
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$ETH Strategy:
The secondary coin breaks above 3466 with volume; go long on the right side and set a stop loss.
If it pulls back to 3376 and confirms support, take a small long position, with a stop loss below.
If it breaks down below 3376 with volume, go short on the right side and set a stop loss.
The secondary coin must break above 3462 to look at 3522-3638.
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For the secondary coin, pay attention to 3566 to take a short position; set a stop loss above 3600.
For left-side orders, 3239 requires a long position; set a stop loss below 3200.
Upper pressure levels: 3460-3516-3560
Lower support levels: 3379-3322-3251
If the secondary coin breaks down below 3244 on the 4-hour level, then all the gains in the past few months will be negated, and it will return to 3023-2810.