$$BTC #加密ETF申请热潮涌现

Cryptocurrency Circle Yuelin 12.31 Tuesday, Bitcoin, Ethereum Morning Strategy!

Good morning, cryptocurrency friends! I am your lucky goddess Yuelin. Overnight, after Bitcoin broke below the short-term support at 92500, it dipped around 91500. Yuelin publicly advised to go long across the network! The market has just reached the target point provided by Yuelin before retreating!

Currently, from the daily chart perspective, since Bitcoin has been under pressure and declining from the 108000 level, the K-line formation has shown a clear downward curve, with bearish candles arranged downwards. In terms of technical indicators, all moving averages are crossing downwards, and the MA7 daily line is suppressing the price. Market selling pressure has caused the price to oscillate downwards. With the further decline in the market breaking the 92500 support, the lower 90000 round number becomes quite important. As long as it can hold, there will be potential for a rebound; otherwise, the bearish trend will continue to create new lows. Currently, the MACD is still in a downward cycle, and the oscillating volume bars are showing some convergence. An important point here is that if the price continues to oscillate downwards while getting lower, but the technical indicators complete some repairs through the oscillation, it will affect the subsequent market, making the period for reaching new highs longer. On the 4-hour line, the continuous large bearish candles switching back and forth make the short-term pattern difficult to decipher, but it is important to understand that the market has not changed its downward structure, and a new pressure point has formed at the 95000 level. Until there is a clear reversal, it is relatively prudent to primarily focus on bearish positions with some longs as a supplementary approach.

On Tuesday morning, Bitcoin bounced around 93200, continue to short, target 90000! There may be repeated fluctuations in the meantime, try to focus on short-term trading for the rebound, while also managing risk, and remember not to be greedy.