High-altitude thinking has been validated, the rebound continues to be short! 12.30 Bitcoin Aunt's strategy

Over the weekend, the overall market was not very active, but the short positions and strategies provided still yielded some profit. The short positions did not change over the weekend. Yesterday morning, the short position made a small profit before exiting. Last night, Bitcoin touched a low of 92961, and Ethereum touched a low of 3324. Both short positions were profitable! Ethereum is still much stronger than Bitcoin. Currently, Ethereum has rebounded to around 3380.

From a technical perspective, the daily chart closed with a bearish candle and a long lower shadow. This closing indicates a possible rebound during the day. The Bollinger Bands have begun to widen, and the middle band's downward pressure remains unchanged. The KDJ has a death cross and is diverging downwards for the second time, while the MACD lines continue to diverge downwards. The daily trend is leaning towards bearish!

Looking at the four-hour chart, the Bollinger Bands are pointing downwards, and the price is running near the lower band. The KDJ lines have a death cross and are diverging downwards, and the MACD lines also have a death cross pointing downwards, with volume beginning to increase! The daily bearish momentum is strong, and currently, the bearish outlook remains unchanged!

Overall, after two days of consolidation over the weekend, the bearish momentum has resumed, and the short strategy provided perfectly aligns with expectations. Although new lows were not reached, this may also be due to the impact of light trading during the US stock market holiday. Therefore, for intraday trading, Conan still recommends focusing on shorting during rebounds! Key resistance levels to watch are 94800, 95700, 97000, 98500, and 99500, while support levels to watch are 93000, 92500, 92000, and 90700.

12.30 Bitcoin trading strategy: Aggressive traders can enter short near 94800, conservative traders can enter between 95700-96500, with a stop loss above 97000 (adjust according to one’s own position reasonably), targeting 94000-93500-93000, and if broken, targeting 92500-92000.

Long strategy: Try to go long near 92500 during the day, with a stop loss near 92000, targeting 93000-93500-94000, and if broken, targeting 94500-95000.

12.30 Ethereum trading strategy: Enter short between 3420-3450, add positions between 3480-3500, with a stop loss near 3550, targeting 3350-3300, and if broken, targeting 3250-3200-3150.

Long strategy: Try to go long near 3300, with a stop loss of 30 points, targeting 3350-3400, and if broken, targeting 3430-3450.

Recent outlook is bearish. The overall trend is also leaning towards bearish. Following this strategy has yielded considerable space. 2024 is about to end, and this year's bull market has completed! According to reliable news: Next month, Trump will sign some favorable policies for the cryptocurrency market when he takes office; at that time, we will layout for the medium to long term! Everyone, prepare your positions to welcome the next wave of the bull market!