December 30, Monday, was another day of great victory. Since the continuous bearish outlook last week, all ideas have been perfectly realized. Although the overall volatility of the white pan coin price is not large and it continues to fluctuate sideways, we are still determined to be bearish. The coin price retreated as expected in the evening. The band short positions entered yesterday and the short positions arranged in the morning were perfectly realized. The big cake gained more than 4,400 points of space, and the Ethereum gained 105 points of space and left the market.
In the evening, after multiple backtests, the big cake price finally fell below the 92,500 first-line support, and there was no obvious rebound. As the coin price fell below the lower edge of the box, the weak pattern became more obvious. From the more macro perspective of the weekly level, this round of decline in the evening was undoubtedly a heavy blow, which directly broke the original trend. If there is no strong increase in volume to reverse the situation in the future, Bitcoin will inevitably enter the weekly level downward trend channel. At the same time, the daily line also showed further weakening, and the attached indicator further spread downward. In the K-line pattern, the price trend of Bitcoin and Ethereum showed a fluctuating downward trend, especially Bitcoin, which was the first to weaken. The daily line level closed negative continuously, driving BoLL to spread downward, and it has been under pressure on the middle track, showing that the upper selling pressure is extremely heavy. Every rebound has encountered strong selling pressure, and the high point has gradually moved down, causing the price to continue to fall. The subsequent selling pressure at the upper 94500 line will become an important resistance level for its price to rise, and the support of the 90000 mark below is the key factor in determining whether it will further explore. At midnight on Monday, the current currency price has fallen for a round. It is not ruled out that there will be a rebound in the short term, but the strength is not expected to be too great. Wait for a steady rebound near 93000 and then go short. See 94500 to add shorts. Look at the support of the 90000 integer mark. If it breaks, follow it. If it does not break, long Dan will intervene. Ethereum, currently the 3300 level still has some support. Although the pullback at night has stopped, it cannot change the short-term weak pattern. It is highly likely to fall below. If there is a slight rebound at midnight, go short directly and look at 3200!
