Yesterday, the number of people who were liquidated exceeded 500,000, mainly affecting players in the altcoin market. I wonder how those people are doing.

Operation Viewpoint for December 10
Countdown to the New Year: 21. The numbers are decreasing day by day; is your balance increasing or also decreasing?

Last night, several people were once again taken away by two large bearish candlesticks. The probability of spikes has been relatively frequent recently, so risk management for positions must be done well; it is not suitable to operate with heavy positions. If you prefer to hold positions, at least reserve a clearing space of 5000.

Market Review:
Yesterday afternoon, we took a long position at two levels, 98000-98800, with the lowest pullback at 98000. Then we started to rebound, reaching a high near 100500, but began to retrace throughout the night. Our pending order near 97300 was also triggered, and overall we did not incur any losses. Two large bearish candlesticks hit a low of 94000 (some fans who prefer to hold positions managed to hold on), but the results are indeed somewhat disappointing.

From today’s perspective, the strength of the early morning rebound is not very strong. The highest rebound was near 98200, which has weakened compared to the rebound strength yesterday morning. Although I still remain bullish in the long term, in the short term, it is more beneficial to trade on the rebound. Of course, my personal view is that there are basically opportunities for trading on the rebound (looking at various candles in the four-hour view). Currently, it has been oscillating around 97200. During the day, we will first take the morning high of 98200 as a defense to look for a downward trend, with entry references at 97400-97600 and targets at 95500-94500.

Whether to change the bullish outlook in the evening will be notified at that time.

Reasonably grasp profits and risk control; if you don’t have a strategy every day, feel free to follow or give a thumbs up.