12.14 Weekend: Insights on Day Trading!

The weekend is here again, and the market rhythm has become lazy, with volatility becoming increasingly subdued. Just last night, the market seemed to gather strength, repeatedly attempting to break through key price levels, but each time it felt like hitting an invisible wall, quickly pushed back down before it could rise. Currently, prices are hovering around 101200, and given this situation, it is indeed quite challenging to successfully break through this price bottleneck in the short term.

Looking at the current market, the oscillating pattern still firmly controls the situation. The market has felt almost soulless lately, with almost no continuity in movement, oscillating back and forth endlessly. Every time it tries to move up a few steps, it gets pushed back down by resistance. At this time, if one is to make short-term pullback trades, the choice of entry points is very broad, and there’s no need to be too conflicted. Once the price breaks below 100500, one must go with the trend; don’t be greedy over the weekend, securing profits is the most practical!

Saturday Operations

For trading, Ye Wei suggests shorting Bitcoin around 101500, aiming for a target in the range of 105000-99500!

For Ethereum, short around 3950, targeting the range of 3850-3800!

Recently, market sentiment has been strong, with both short-term and swing trades going smoothly. If you can't grasp the market well, trust Ye Wei, and you won’t lose your direction. Ye Wei will guide you on your journey through the crypto world.