The current price of Bitcoin is 92446. Yesterday, it was clearly mentioned that it is possible to go long within this range. This is a position that has been tested multiple times on the 4-hour chart and is also at the EMA144 169 channel position. The candlestick and indicators provide double confirmation, then it rebounded to the 1H resistance level, short-term profit takers and bears quickly joined, resulting in a direct drop. As for LINK and MOV, I believe they will rebound significantly along with Bitcoin, but during the second test, they were all dragged down.
Bitcoin is still relatively weak now, with ETH at a firm support level of 3300, and funds are flowing into Ethereum. Bitcoin needs to pay attention to the next support level on the daily chart, around the EMA60 at 91000; in a bad scenario, it could drop to the 87000 position.
1. WIF has a double bottom divergence on the 4-hour chart, and entry signals can be found by adjusting the cycle.
2. The U.S. is about to start work, let's see if it brings an opportunity.
3. For Ethereum series, pay more attention to UNI and ENA, which have shown good rebounds.
4. After Trump, BTC will still hype its inclusion as a national strategic reserve asset.
5. For coins that you are optimistic about, increase positions by 3 points for mainstream currencies and by 5 points for altcoins under worst-case scenarios; on New Year's Eve, deploy all your bullets.
