In recent trends, the big pancake has been oscillating above 90,000, with rapid increases and decreases, but the bullish trend in the market has not changed. The subsequent rise will follow in succession.
For partners who haven't entered at lower levels, be patient while the box oscillation range has not been broken. In the short term, you can go short, take a few thousand points, and continue to reverse and go long. The overall direction remains primarily bullish.
In the short-term hourly chart, the market is under pressure and has retraced. Currently, the price is fluctuating back and forth within a range, entering a consolidation phase. The current price is around 95,000, and it is expected that the price will further test downward in the short term.
The current trend is approaching the middle support line. If the price falls below this level, there is a risk of further testing the 92,000 line.
Overall, the trend of Bitcoin continues to maintain wide fluctuations, as there has been no breakthrough of the support and resistance levels. Therefore, the strategy should be to sell high and buy low.
It is suggested to short Bitcoin around 95,700-96,300, with a stop loss at 97,000 and a target price looking down to 93,000.
The Ether daily line is currently fluctuating around the 3300 level, with resistance at 3400-3450 and support at the 3300 level.
Overall, it has been operating within a box structure between 3500-3200 for four hours, but the recent range has gradually narrowed to 3450-3300. Overall, it is currently at the lower end of the box, and subsequent operations are suggested to focus on going long.
The daily level of Bitcoin has once again tested the 92,000 line and started to rebound. It is currently facing pressure at the 96,000 line. The upper resistance is temporarily viewed at the 96,000 line. If it can successfully break through, we will look at the 100,000 mark; otherwise, the 90,000 mark will not be protected.
On the 4-hour level, Bitcoin is currently operating within a range between 100,000 and 92,000, with the middle position at the 96,000 line. There has already been one upward attempt, and if it breaks through, we will look at the top position of the range at 100,000.
Buy Bitcoin at 93,000-93,500, with a target of 95,500-96,500, and a stop loss below 92,000;
Last week, affected by various holidays, the market did not experience significant breakthroughs, and the overall trend of Bitcoin is still fluctuating around the range of 92,000-100,000.
Currently, it is still in a bullish trend, with two working days left until the annual closing, and the monthly closing is also about to conclude. If nothing unexpected happens, it should also close with a bullish candle.
The key resistance level above remains at last week's high, but with the moving average system trending downwards, if there is a need for a pullback next week, the extent is expected to be limited. In terms of trading, it is suggested to primarily focus on long positions.
In terms of trading, it is recommended to go long around 93,200-92,700, with a stop loss at 92,000, and a target around 98,500.
It's the weekend again, and the market is once again being compressed. The oscillating range of the market will continue. Although the range yesterday was not very large,
there were several ups and downs, and the speed was quite fast. However, as long as we maintain a low long position entry, we won't get cut.
Continue to maintain the main long position entry during the pullback. Although the bulls have been performing weakly recently, I still hope everyone does not get overly excited and short at low positions.
In terms of operation, it is recommended to continue going long around 93200-93700 for Bitcoin, with a stop loss at 92500 and an upper target around 98500.
The range consolidation will continue for a while. It is currently at the bottom of the box. It is recommended to go long at the current price based on the support level! The first target above is 98500, 3450
After each market starts to fluctuate, it is the best trading option not to bet on the shock break. There may be one or two times when it will go out of control, but compared with the probability of regular market conditions, most of them are still normal adjustments.
If it is pulled up this time and then breaks through the new high, it will really keep this rising trend line. In the future, we can only seek bearishness at a higher position, and this rebound will also become an adjustment, so we must be fully prepared mentally.
Careful players can check the price trend of coins after Christmas in previous years. It is indeed easy to breed this kind of opening rise behavior. The problem is how long it can last.
Go long near 95,000, reserve space for replenishment near 93,500, stop loss with 800 points, target 98,000-99,000, break above 100,000 and look at around 101,500
Bitcoin has once again surged and then retraced. I initially thought the market would break out this month, but given the pressure zone around 100,000 above, it has repeatedly tested but failed to break through.
The price has not yet broken through the daily midline, and it still feels a bit lacking. Currently, it remains in a weak adjustment phase, and the key support below has not been broken, so a significant drop is not likely.
Therefore, I expect that range consolidation will continue for a while. In terms of news, as the cryptocurrency market gradually changes, the short-term impact on prices won't be as significant as in the past.
In terms of operations, it is recommended to buy Bitcoin around 94,800-95,300, with a stop-loss below 94,000, and a target looking towards the area around 98,500.
Currently at the lower level of the box, it is recommended to go long at the current price relying on the support level! The first target above is 98500, 3450
In the early session, Bitcoin surged to around 99950 and then retreated to a low near 95150. The morning strategy was to short from 98000, and the pullback was relatively significant, resulting in a profit of exactly two thousand five hundred points.
In simple terms, there is still a divergence between bulls and bears in the short term, as Bitcoin is approaching the hundred thousand mark. Currently, the short-term profit-taking and buying pressure are at odds.
Overall, the market has once again entered a range structure. The high-position short positions established yesterday and today have exceeded expectations for profit-taking, and we are currently at the lower end of the range. It is recommended to go long based on the support level!
In terms of operation, it is advisable to go long near Bitcoin 94800-95300, with a stop loss below 94000 and a target around 98500.
Similarly, Ethereum is in a box structure. If it continues to break through the bottom of 3200, the bulls will start to attack 3500 again. It is currently near the support level. Before it breaks through, it is recommended to operate mainly low and long.
Eliminate all speculation; has been consistently suggesting to buy near 93000. The bullish stance is firm, whether it's short-term or swing trading, the overall space is still quite good.
The Bitcoin intraday market remains in a wide range of fluctuations. It has rebounded after touching a low near 97500, and the current price has returned to the area above 99000.
The key focus going forward is the resistance at the 100000 line. If it breaks through this area again on a rebound, the expected price increase will likely continue further.
In the short term, the Bitcoin market has entered a repair and consolidation phase. Although there have been fluctuations of several thousand points throughout the day, the current range pattern has not been broken. If the market breaks through 100000, consider going long.
In terms of operations, it is recommended to short Bitcoin around 99200-99700, with a stop loss at 100500, and aim for a target near 96500.
Today, we arranged the long position idea of retracement yesterday, 106200, long position near 3923, and pulled up to 107600 in the evening, there is still more than 2,000 points of space, and then fell again. The market retracement also provides an opportunity to enter more.
At present, the overall trend, whether in structure or news, tends to match the upward trend of the bulls, and the idea is still to be bullish!
From the short-term 1-hour pattern, the shorts touch the support range and shrink the volume. The overall follow-up will have a large upward space.
In terms of operation, long positions are entered near 102500-103200 for Cake, with a target near 107500; long positions are entered near 3780-3820 for Ethereum, with a target near 3970.
Conservatives can primarily go long, after all, with the large-scale trend remaining bullish, the risk of shorting outweighs the potential gains. Enter long for Bitcoin and Ethereum at the current price, with the first target above at 107,500 and 3,950.