🐰December 30th midday market perspective.🐰
$BTC perspective:
It just can't drop any further; with such low liquidity over the weekend, plus the Christmas holiday, there is basically no liquidity.
The major cryptocurrency hasn't even broken its previous low; could this be an iron bottom? Or is someone intentionally propping it up? They won't let the price continue to drop. Conversely, the altcoin not only isn't falling but is also rising, which is worth pondering.
The major cryptocurrency has broken through 93931 with volume; the hourly closing price is above 93931, so the right side should follow long, recovering stop-loss.
On the pullback to 93358, a false breakdown appeared; add one more long position, setting the stop-loss at the false breakdown low. No false breakdown means not adding much.
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The major cryptocurrency must break through and hold above 94091 on the hourly chart to look up at 94617-95394. If it can't hold above 94091, there is still a risk of decline.
Note that if 94788 shows a 2b false breakout, try a small short position. Stop-loss at the breakout of 95255. Short for a pullback.
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Conservative traders should go long when it reaches 93015; if it breaks below 92400, they must stop-loss. Betting on the major cryptocurrency not breaking below the previous low. Keep a good stop-loss.
On the 4-hour chart, 92934 should not break; once it breaks the previous low, it is highly likely to test 90715-89325. That won't be fun.
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93513 broke with volume; if it rebounds and cannot recover, follow short on the right side, recovering stop-loss. Pay attention to changes in volume.
Upper pressure: 94292-94767-95293
Lower minor support: 93312-93026-92272
Regardless of how the major cryptocurrency moves, as long as it doesn't break the previous low, everything can be discussed. If the previous low breaks, it is uncertain how long it will take to consolidate before it can rise again.
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$ETH thought:
The altcoin has broken through 3424 with volume; follow long on the right side, recovering stop-loss.
3412 broke with volume; follow short on the right side, recovering stop-loss, taking the pullback.
The altcoin on the pullback to 3325, add one more long position lightly; if it breaks below 3300, run.
The altcoin must break 3441 on the hourly chart to look at the upper targets of 3470-3526.
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Pay attention to 3495; if it reaches, you can short one position, with a stop-loss at 3522.
Left-side order: long at 3272; if it breaks below 3238, you must stop-loss.
On the 4-hour chart, 3322 must hold, otherwise continue to look down at 3272-3214.
Upper pressure: 3445-3491-3539
Lower support: 3378-3332-3300
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On the daily level of the altcoin, the MACD fast and slow lines are all below the zero axis; currently, the bears are in control. Let's see if tonight's U.S. stock market can reverse. If it goes into a weekly pullback, then it will be a disaster. Meeting adjourned.
