☕ December 22nd Market Opinion. ☕
$BTC Opinion:
Yesterday, 98373 was reached, peaking at 99530. Many of you might think that the downtrend has ended and are preparing for a V-shaped reversal, but the pullback to 98373 didn't hold, and it has once again fallen below 98373.
This could be a natural rebound following the previous day's decline, and there may be a second test. If the second test does not break below 92272, it will stabilize for a while before going up. If it breaks below 92272 directly, then we will look down towards 90185-88598!
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Bitcoin successfully broke through 97186 with volume, closing the hourly level above 97186, so chase the long position on the right side, and retract the stop loss.
If Bitcoin breaks below 96780, chase the short position on the right side, and retract the stop loss.
Upon pulling back to 95789, confirm the support is effective and take a small long position; if it breaks down, retract the stop loss. Pay attention to changes in volume.
Bitcoin must break through 98338 to strengthen; only then can we look up towards 99556-100468, otherwise, it will continue to consolidate and oscillate until a direction emerges.
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At the top, 99485 gives a light short position; break above 100,000, stop loss.
Conservative players should wait for 94635 to go long, stop loss if it breaks below 94000.
The hourly level for Bitcoin should not break below 96336; if it does, look for stronger support at 95564-94579.
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Upper resistance: 98462-99485-100508
Lower support: 96309-95607-94817
Currently, the hourly level for Bitcoin has not created a lower low, developing horizontally to see if it will find direction tonight.
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$ETH Thoughts:
Ethereum successfully broke through 3362 with volume, chase the long position on the right side, and retract the stop loss.
If it breaks below 3327, chase the short position on the right side, and retract the stop loss.
Ethereum pulls back to 3245, take a small long position; if it breaks below 3207, must stop loss.
Ethereum at the hourly level must break and stabilize above 3390 to look at the target positions above 3464-3552.
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For Ethereum, pay attention to 3468 to give a short position; break above 3500, stop loss.
Left-side order: 3241 to gamble one long position; stop loss if it breaks below 3200.
Ethereum on the 4-hour level must not break below 3285; once it breaks, it's likely to test around 3100. If 3100 cannot hold, look to 3028!
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Upper resistance: 3387-3454-3535
Lower support: 3285-3230-3100
Ethereum's 4-hour bearish candle indicated by the white arrow closed poorly, a typical bearish engulfing structure. This year has been very difficult to trade. Meeting adjourned.