12.30 Morning Thoughts
The daily chart shows a weak downward trend. After a significant drop, it has entered a phase of wide fluctuations. Currently, there is again a downward movement in the short term, but the downward momentum is not strong, and there are lower shadows, indicating a potential risk for a rebound in the future. The daily chart shows a weak downward trend, after a significant drop, it has entered a phase of wide fluctuations. In the short-term 4-hour chart, after continuous downward movement, it touched the lower boundary and found some support, leading to a rebound. In the future, we will focus on the support around the 92,000 level; if it cannot break through, we will still primarily look for buying opportunities on pullbacks.
Currently, the market has not fallen below the 92,000 level, which indicates that the bottom support is relatively strong, and the KDJ indicator lines are converging with a golden cross signal. The market still has some room for fluctuation. However, the current structure clearly shows a downward trend. In terms of operations, we will temporarily maintain a low long strategy. There is resistance above at 95,000~96,000, and strong support at the bottom at 92,000. In the short term, we can operate based on the current support and resistance levels, focusing on short positions at high levels and long positions at low levels.
Bitcoin: Buy on pullback around 93,000-93,300, aiming for 95,000-95,500.
Ethereum: Buy on pullback around 3,370-3,400, aiming for around 3,500.
