Hot topics of Master Chat:
After reading the minutes of the Fed's November meeting, I felt that there were not many surprises. The possibility of a 25 basis point rate cut in December is still the greatest, but this is only an expected news that the market has received in advance.
Speaking of news, I have to mention the past two days. As soon as the stock market fell, all kinds of "bad news" flew around, and reports of selling and market crashes came.
In fact, I have always wanted to ask, why didn't you start reporting this earlier? This kind of news is more like catching the hot spots after the market has fallen. Emotional news reactions are more eye-catching than actual trends. Isn't this shameless?
As for the current market, for the medium and long term, I do not recommend opening short positions anymore. Because the two strongest days of the short position have passed, the current adjustment is nearing the end, the 8-hour and 12-hour pullbacks have been completed, and the next trend should not drop too much.
I have also seen that many people in the market expect the callback may go to 80K or 76K, but I don’t think so. According to the current trend, the lowest should not be lower than 88K or 87K.
The daily indicator is still far from the zero axis, and it is difficult to judge whether there will be a large-scale adjustment in the short term. Especially around 90K, I think it will not fall below easily. On the contrary, if the 4-hour and below indicators regain strength, it may kill the potential for large-scale adjustments and even bring about a rebound.
Therefore, the recent operation strategy is still to buy on dips. If your average price is high, you can do a T appropriately and wait for the correction before looking for entry opportunities. As for shorting, it is recommended to be cautious. The rebound force of the bull market is still very strong, especially after the 8-hour and 12-hour MACD returns to zero, the market is more likely to go up.
So if there is no strong bearish signal, you can keep the idea of buying on dips in the short term. My main focus is still: when bulls are strong and bears are weak, buy mainly; when bears are strong, sell mainly. The daily pressure and support levels can be used as a reference. You can operate flexibly according to the actual market situation. You cannot rely on others to tell you whether to buy or sell today.
From the perspective of the medium and long-term targets of the spot market, the medium-term target of Bitcoin is expected to be 111600-113600, and the target of Ethereum is 4560. Many friends always don’t understand the medium and long-term when they call the master for consultation. In fact, the medium-term refers to a cycle of 7 to 45 days, and the long-term is more than 90 days.
Now, I will not predict the price in three months. I am talking about expectations, not predictions. Because I have said in the article before that predicting prices is a nonsense!
Although the targets of 130,000 and 150,000 may be reached, I think they are more of a long-term goal for the current market. I am more optimistic that 100,000 is the mid-term target of the bull market, which should be achieved in this round of bull market. As for the short term, 100,000 is also a staged high point.
Master looks at the trend:
After enough short orders are sold, the demand for buying at low points needs to reappear. Bitcoin can resume its upward trend, and the possibility of breaking through $100,000 is still very high, but for the balance of the market, the adjustment phase is inevitable.
Resistance level reference:
First resistance level: 93700
Second resistance level: 94900
Support level reference:
First support level: 92400
Second support level: 91100
Today's suggestion:
The current downward trend line has been broken, but the price is currently oscillating due to the psychological resistance of 93K. If it remains oscillating within a certain range, it may retest 93K.
If the trend breaks out and the lows rise, an N-shaped rise is expected. In the ultra-short term, the first support line can be set as a short-term support as an entry opportunity. At this time, if the current low is not broken, further declines can be prevented and rebound expectations can be maintained.
11.27 Shiye band pre-embedded:
Long entry reference: 90900 light long position. If it falls back to 90255, add long position directly. If the entity falls below 90000, do not hesitate to run directly. If the market is strong and hits 88200-87800, you can go long again! Target: 92400-93700
Short entry position reference: No reference
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