On December 20, the price of BTC was 98080. The following is the current market situation and operation suggestions:
- Market status:
- The first round of market decline has come to an end, and it is currently in an oversold state in the short term. Although oversold does not mean that it will not fall again, it is possible to rebound after the fall.
- Most of the coin price space is almost in place, but the time is still unstable. It is expected to go back and forth in the next few days. The spot rebound may be around the 28th.
- The day before yesterday, the community short-term/contract group operated short orders in the order of shorting the altcoin first, then shorting ETH, and finally shorting BTC, and reaped a lot of rewards.
- After the early morning exploration, although the first round of market decline has been temporarily stopped, BTC has not adjusted enough in terms of space, and ETH has not adjusted enough in terms of time. However, the altcoin is measured by the golden section, and the decline in points is almost the same.
- The short-term market has entered an oversold state. Although it is still easy to fall, it will not accelerate the decline. Shorts will make profits, the market decline will end, and longs are expected to recover. The mid-term market has not yet bottomed out, but the investment value of the coin after the halving has increased, and escaping the top and copying the bottom are the strengths of the community. In the future, you can consider using short orders to make profits and buy spot.
- Operation suggestions:
- If the spot continues to fall, both spot and contracts can be operated.
- DOGE has a serious wash, so as a long-term coin, you can ignore it for the time being; ZEN can be bought in large quantities, and trust has been opened, so you can continue to look for opportunities to buy.
- In terms of operation, spot needs to wait for next week's notice; short-term/contracts can take advantage of the decline to buy on dips, and the valuation is high. Short orders must wait at least 1 hour after the rebound before operation. BTC's short-term pressure level is 99970-101320, and the support level is 96100-94870.
