Monthly close, how to layout the Federal Reserve's decision? 12.1 Bitcoin Auntie market analysis and operation strategy
Ethereum rebounded again yesterday, the Bitcoin short positions entered on Friday continue to be held, Ethereum short positions entered yesterday were added near 3730, and are still being held! Friends who followed were reminded to exit or reduce positions yesterday!
From a technical perspective, the monthly line closed with a giant bullish candle, the coin price is running near the upper track, currently the Bollinger Bands are widely open, the moving average indicators are in a bullish arrangement, KDJ's three lines have golden cross upwards, MACD's double lines are moving upwards, and trading volume is increasing. The monthly line still looks bullish!
On the daily line, MA5 crosses down MA10, after the Bollinger Bands have narrowed, they are currently slightly opening, the coin price is running between the middle and upper tracks, KDJ's three lines form a golden cross above the 50 axis, but there is no divergence, MACD's double lines have a death cross downwards, and trading volume is gradually increasing, the indicators are relatively weak! The daily line trend is not clear!
Overall from the market, after the coin price surged to 99660, it retreated to a minimum of 90875, rebounding again but failing to push above the 99000 mark, so this line should be regarded as an important resistance level for next week! If it stabilizes, there is a chance to surge past the 100,000 mark, paying close attention to whether the Federal Reserve's decision in December can push the coin price again! For intraday operations, Conan suggests focusing on short positions during rebounds! The resistance levels to watch are 97300, 97700, 98700, and the 99000 mark, while the support levels to watch are 95400, 94700, 94000, and 92900
Ethereum's recent rebound behavior is severe, and caution is needed against a decline caused by the foundation's selling! Therefore, Conan also suggests setting up short positions at high levels! The resistance levels to watch are near 3750, 3800, and 3850, while the support levels to watch are near 3650, 3620, 3560, and 3530
12.1 Bitcoin operation strategy: Aggressive traders can enter short positions near 97500 during a rebound, cautious traders can enter between 98000-98500, with a stop-loss above 99000, targeting around 96000-95500, medium-term target around 94700-94000, long-term target around 93000-92000-91000
12.1 Ethereum operation strategy: Aggressive traders can enter short positions near 3720, cautious traders can enter between 3750-3780, with a stop-loss near 3800, targeting around 3650-3620, medium-term target around 3560-3530, long-term target around 3300-3200
The coin price has not yet broken through the 100,000 mark, and a pullback to repair the indicators is expected. Recently, both long and short positions are being washed out, so everyone should manage their positions well, strictly implement stop-losses, and avoid holding positions! Small losses and small gains in leveraged trading are normal, use stop-losses to prevent large losses, and move stop-losses to enlarge the space!