The current market is fluctuating at a high level. If it effectively falls below the lower edge, the short-term trend will come to an end, and there will be a long adjustment period afterwards. However, the trend is still there, and it will still be upward after the short-term adjustment. The market enthusiasm will continue before the halving.
No matter how the macro level changes, there are two things that are certain in the first half of the year: the approval of the Bitcoin spot ETF and the halving of Bitcoin. With these two positive factors, the crypto market will remain hot. The market will only get hotter, not colder.
Bitcoin:
After the Bitcoin weekly line closed with a positive line, the price fell to a certain extent, and the weekly bullish force slowed down significantly. The overall weekly line is not very optimistic. After the daily line fluctuated and fell for three consecutive days, it began to fall in large volume in the early trading period. The three lines of KDJ crossed downward to form a dead cross. The short-selling force of the daily line accelerated. There was further testing of the bottom support of around 43,000 during the day. The short-term four-hour upper Bollinger showed signs of opening, and 43,800 had formed a top-bottom conversion. It is recommended to pay attention to this position for the layout of short orders. The opening price of the short-term boll in the one-hour line is running in the falling channel. It is recommended to pay attention to 42,900 for the support below. It is recommended to pay attention to this position if long orders are not laid out. Based on the above, it is recommended that the Bitcoin daily line is mainly operated within the range.
Ethereum:
Ethereum's weekly line received a negative line, and the speed of decline accelerated, forming a sign of double needle peaking on the weekly line. The overall support of the weekly line is around 2120, the previous high on the left. The three consecutive negative bearish short-selling pattern is formed on the daily line. The consensus support below is at 2130. It is recommended to pay attention to this point layout for long orders. The daily chart indicator macd short energy accelerates and increases in volume, and the speed opens downward first. The upper pressure still belongs to 2270. The short-term four-hour upper boll opening operation suggests that the rebound 2220-2240 line can continue to arrange short orders. The four-hour macd long and short energy conversion is rapid, and the decline in the early trading is a negative news treatment. There must be a certain number of long locked orders at the 2240 line above, so the selling pressure at this position during the day must be paid more attention.
Operation suggestions: Bitcoin, short around 43700-44000, target 43400-43100 points, cover position at 44100 points, stop loss 44200 Ethereum, short around 2210-2240, target 2180-2150 points, cover position at 2250 points, stop loss 2260
