Successful bottom fishing, beware of a second probing of the bottom! 12.22 Major Currency Analysis
On Friday, the price of cryptocurrency rebounded after stopping the decline, and the public bottom fishing strategy perfectly matched the market trend! There is no perpetual one-sided surge, and there won't be a perpetual one-sided decline! I accidentally set a mobile stop-loss and was forced to take profits! Following this bottom fishing strategy guarantees a profit of over 3000 points!
From the daily line perspective, the price of cryptocurrency dropped from 108350 to 92276 in three days, a decline of nearly 15%. On Saturday morning, it stopped falling and closed with a bullish candle and a long lower shadow. This morning, it closed bearish, and the rebound was blocked near the middle track. The Bollinger Bands are running smoothly, and the overall trend currently belongs to a large range of oscillation and consolidation!
From the four-hour perspective, the price of cryptocurrency is severely constricted by the Bollinger Bands, operating between the middle and lower tracks. The KDJ three-line dead cross is pointing downwards, while the MACD is turning upwards at a low level forming a golden cross, with a slight increase in volume! The four-hour battle between bulls and bears!
Comprehensively looking at the market, the price of cryptocurrency has stopped falling and rebounded, but the short-term rise is blocked at the 100,000 mark. However, Conan is still relatively bullish, so for intraday operations, Conan suggests focusing on buying on dips! The upper pressure levels to watch are 98000, 99500, 100000, 101000, and 103000, while the support levels to watch are 96300, 95400, 94000, and 92200.
12.22 Major Currency Trading Strategy: Aggressive traders should enter long on dips around 95500-96000, while conservative traders should enter around 94000-94500, with a stop loss near 93500. The target is aimed at around 96500-97500-98000, with a breakout target of 99000-99500-100000.
Short position strategy: Attempt to go long near 99500, with a stop loss of 600 points, targeting around 98500-98000-97500-97000, holding on a breakout based on the situation!
12.22 Ethereum Trading Strategy: Aggressive traders should enter long around 3350, while conservative traders should enter around 3300, with a stop loss below 3250. The target is aimed at around 3400-3450, with a breakout target of 3500-3550.
Short position strategy: Attempt to short around 3550, with a stop loss of 40 points, targeting around 3500-3450, with a breakout target of 3400-3350.
In a bull market, there are many sharp declines, but institutions continue to increase their holdings each time. Follow the big players in bottom fishing and reap the rewards! Recently, the volatility has indeed been significant, with daily fluctuations of several thousand points! Currently, the technical aspect sees a tug-of-war between bulls and bears! Conan expects there will be another probing trend soon! Everyone should avoid heavy positions and beware of risks! $BTC $ETH #加密市场盘整