$BTC $ETH
Midday Analysis Continues:
The King Bomb Market Will Arrive Next Month!
Everyone is singing their own mortal song; who can bear a heavier chance than the others? It's just that, as the saying goes, the gentleman strengthens himself with the movement of heaven, and the gentleman carries things with virtue as the earth is vast!
Only by improving,
Only by being wise,
Only by optimizing;
Can one achieve excellence.
Some complaints, some disturbances, some sighs of progress! 🙏🙏🙏
Returning to the market analysis:
The focus of the analysis the day before yesterday mentioned that the second exploration must be completed. The purpose of the last price increase was to squeeze the shorts. The Emperor of the River bought over 700, which will not change the market, but 747 could be magnified to lead the market into a completely counter-trend attack state; Breaking the trend requires a certain repair period, not just 1-2 days, but at least 1-2 weeks!
So, the short market remains strong and will continue until the end of the month!
Because the key lies in the liquidity issue at Christmas!
From a technical perspective:
The pressure on BTC's 1-hour EMA 60-day moving average is around 96800! The gap on the 4-hour chart is still too large, and the 4-hour must close the gap; if it doesn't close, it won't rise! However, currently, the main focus is on a small range waiting to close; there is still a significant risk for long positions if the previous low is not broken! So, for short positions, it might be wise to set a stop loss at 1000 dollars!
However, given the current situation, spot trading can first focus on strong coins in batches, such as ONDO, which is likely to be listed on Binance next year because it is too strong!
Next, my focus will be on researching the BTC Layer 2, preparing for the upgrade in October next year; this is a significant transformation. If you can see this post, it can only be said that you are among the lucky ones who have entered the first tier of attention to the BTC Layer 2 upgrade content!
The ETH pattern matches the market trend of rising 4000 and dropping back to 3000 each time. The Ethereum chart was drawn three days ago; everyone can refer to it. Currently, the high of today at 3374 has appeared. If it breaks 3400, it might be a good time to exit! Regardless, I don’t think there’s much issue in betting on a short at 3200! If it’s spot trading, I would suggest entering when it breaks the previous low, as it is essential to find a divergence at the 1-hour bottom to match my trading logic! Further divergence could allow for additional positions! When the market shows panic, low-multiple contracts can be entered for betting!
In my personal view, the various indicators have not yet reached the top; I am relatively optimistic about the bull market! There will be an upward push at the beginning of each month, and as long as there is no upward push in January, it will be fine!
The above content is for reference only!
