The bears continue to wash their chips and continue to buy at the bottom! 12.20 Big Pie Auntie Market Analysis and Ideas

In 2024, institutional investors purchased a total of 859,454 big pie, accounting for about 4.3% of the total circulating supply, equivalent to the issuance of Bitcoin in 8 years. This is also one of the important reasons for the rise of big pie to 108,000 this year. The price of the currency fell by more than 10% in two or three days, mainly due to Powell’s speech and the continuous decline of US stocks! The short-selling ideas given yesterday perfectly match the market trend. The initial jobless claims and long positions after the opening of the US stock market in the evening also won a small short-term wave!

From a technical perspective, the daily line closed negative again. Yesterday, it broke through the Bollinger middle track strongly. The three tracks of the Bollinger band extended forward in parallel. The currency price ran below the middle track. The KDJ dead cross diverged downward, and the MACD volume double-line dead cross was downward. The volume gradually increased, and the overall trend of the daily line was bearish!

In the four-hour chart, the Bollinger Bands opened sharply, and the price of the currency was running near the lower track. It closed positive in the morning with a long lower shadow, and there were signs of stopping the decline temporarily. The three lines of KDJ also showed obvious signs of slowing down. The two lines of MACD were downward, and they were currently at a low level. The technical indicators were bearish, and the price of the currency was oversold by the Bollinger Bands. Conan expected a rebound and repair within the day!

According to comprehensive data, yesterday's initial jobless claims and interest rate cuts were both good for the currency circle. This round of reshuffle has washed out most of the chips worth more than one billion dollars. It is expected that the next step will be to wash out the shorts. Don't blindly chase the shorts! Pay attention to the upper pressure positions of 99600, 101000, 103000 and 105000 during the day, and pay attention to the lower support of 96000, 95000 and 94000

12.20 Big Pie Operation Idea: Radicals enter the market to do more at 96500-97000, and conservatives enter the market at 95000-95500, defend below 94000, target around 98000-99000-99500, break around 100,000-101000-103000, break and hold to see the situation!

Short order idea: try to go short at 1025000-103000, defend above 103500, target around 102000-101000, break and hold to see the situation!

12.20 Ethereum operation ideas: aggressive people enter the market near 3400 to go long, conservative people enter the market near 3350, defend below 3300, target around 3550-3600-3650-3700, hold on to see the situation after breaking through!

Short order ideas: enter the market near 3700 to go short, defend 50 points, target around 3650-3600, break through to see around 3550

There are many long chips being liquidated, so it is also a good opportunity for everyone to buy at the bottom!You can enter the market by continuously moving the stop loss to expand the space! Profits and losses are at your own risk$BTC