The liquidation map shows a lot of long positions, continue to go long on rebounds! 1.2 Bitcoin Strategy
On the first day of the new year, the price of the coin basically did not drop, overall showing a slow rising trend. The US stock market is closed, and the market is influenced by funds. Ethereum has not broken 3300 for a long time, but has now broken 3400 again, and Bitcoin has also broken 95000! Yesterday was a holiday spent with my child, so I did not make any trades!
From a technical perspective, there are two consecutive daily green candles, continuing the upward momentum from yesterday. The Bollinger Bands have not changed significantly, the KDJ lines are turning upwards forming a golden cross, and the MACD lines are also starting to slow down. Volume is gradually decreasing, the daily trend remains bearish, but there are signs of bottom building!
Looking at the four-hour chart, the coin price has once again pierced the upper Bollinger Band, with a slight opening in the Bollinger Bands. The KDJ and MACD indicators are both showing a golden cross and diverging upwards. The overall trend leans towards bullish, but attention should be paid to whether the previous high can be effectively broken, as recent upward movements have been piercing spikes followed by a continuation of bearishness!
Considering the recent performance of US stocks, US stocks are all declining today, so Conan is still relatively optimistic about bearishness. In terms of operations, Conan still suggests shorting at high positions! The pressure levels to watch above are 95500, 96500, 97500, 98500, and 99500, while the support levels to watch are 93000, 91500, 90700, and the 90000 mark.
1.2 Bitcoin trading strategy: Aggressive traders can enter short around the current price of 95000, while conservative traders can enter between 95500-96000, with a stop loss above 96500 (adjust according to your own position size). The target is to look at 93500-93000-92500-91500, and if broken, hold and assess the situation!
Long strategy: Within the day, try going long at 92500--92800, with a stop loss around 92000, targeting around 93000-93500, and if broken, look at around 94000-94500.
1.2 Ethereum trading strategy: Aggressive traders can enter short around the current price of 3400, while conservative traders can enter around 3450, with a stop loss above 3500, targeting around 3350-3300, and if broken, look at around 3250-3200-3150.
Long strategy: The 3300 position is too strong; an initial test during the day can be a long position, with a stop loss of 30 points and a target of 50-70 points for a rebound!
Looking at the liquidation map, if the coin price drops below 90000, it can liquidate over 800 million long positions, and if it rises above 99000, it can liquidate 400 million. Do you think it will rise or fall? The result is obvious, right? Daily strategies are disclosed in advance, recently continuously shorting has been profitable. Those who do not have a good outlook on the market or cannot choose good entry points can follow Conan's strategy and we will all succeed together! #比特币战略储备 #
