Analyst Liang Qiu: Bitcoin/Ethereum Experience Wide Fluctuations on 12.21, Focus on Key Levels

Bitcoin/Ethereum experienced multiple sharp declines in the early hours over the past two days, but the downtrend ended this morning, showing some stabilization. However, there was no effective breakthrough of important levels above. In the early morning, Bitcoin reached a high of 97777, just a line away from the previous significant resistance and support level around 98000 to 98500. Although the market surged quickly, the pullback was relatively small, and it is currently in a phase of consolidation and repair. Attention should be paid to the support below and the upward movement of the lows; if the support holds, the market will continue to rise.

In recent days, Bitcoin/Ethereum has shown significant fluctuations in the candlestick patterns, with a low touching 92200/3100, followed by a quick rebound of 5000/400 points, forming a long lower shadow candlestick, indicating strong buying support. The significant decline in the last two days on the daily chart also shows signs of stabilization. In terms of technical indicators, the current MACD histogram is negative and gradually shortening, with both DIF and DEA at low levels showing signs of convergence, indicating a weakening of bearish pressure, which may lead to a rebound.

In terms of trading, Liang Qiu suggests entering long positions for Bitcoin around 96000 to 96500, targeting around 98500, and for Ethereum around 3390 to 3420, targeting around 3530. If it breaks out, further upward movement can be expected. In fact, many friends who have continuously positioned themselves recently have seen clear profits. Currently, the market is mainly trending, and this article is intended to be effective, with specific real-time guidance to follow. #加密市场回调