Due to the serious support from horizontal instead of falling, be cautious in chasing the rise! 12.26 Bitcoin Auntie's strategy analysis
Yesterday's short-selling strategy perfectly matched the market trend, with the coin price slightly consolidating during the day. In the evening, the coin price suddenly surged, shorting near 99000, capturing over a thousand points. The short position for Ethereum also perfectly aligned with the market trend. I wonder how everyone did?
From a technical perspective, the daily chart shows two consecutive bullish candles, and this morning closed with a long lower shadow hammer candle. The coin price has tentatively broken the middle track, the Bollinger Bands are extending parallel, and the KDJ three lines are turning upwards from a low position, initially forming a golden cross. The MACD volume is also gradually decreasing, and the daily chart has stopped falling!
Looking at the four-hour chart, the Bollinger Bands are upward, and the coin price is running below the upper track. The KDJ three lines are forming a death cross from a high position, and the MACD double lines are moving downwards from a high position, with decreasing volume. Currently, the four-hour chart shows a potential pullback!
In summary, with the U.S. stock market closed yesterday, the overall volatility of the coin price was not significant, but the Bitcoin spot ETF market has seen net outflows in recent days, while the Ethereum spot ETF has been increasing its holdings. Therefore, be cautious in chasing the rise! Key resistance levels to watch are around 100,000, 101,000, 102,000, and 103,000, while support levels to watch are 98,300, 97,200, 95,800, and 93,500.
12.26 Bitcoin trading strategy: Enter short at 99,500-100,000, with a stop-loss near 100,500, targeting around 98,300-98,000-97,200. If broken, gradually look down to the support points below!
Long position strategy: Enter long at 96,000-96,500, with a stop-loss below 95,500, targeting around 97,000-98,000-98,300. If broken, look towards 99,000-99,500.
12.26 Ethereum trading strategy: Short at 3,500-3,520, with a stop-loss near 3,550, targeting around 3,450-3,430. If broken, look towards 3,400-3,350.
Long position strategy: Enter long at 3,380-3,400, with a stop-loss below 3,350, targeting around 3,450-3,500. If broken, look towards 3,530-3,550, and hold based on the situation!
Currently, the overall trend is still bullish, but in the short term, there is a significant need for a pullback. Be cautious in chasing the rise at high positions during the day, and wait for the pullback to stop falling before entering long!