Bitcoin/Ethereum first long then short once again perfectly validated

Trader Liang Qiu: 12.10 Bitcoin/Ethereum Long Position Take Profit Short Position Ready to Enter

The long positions laid out in the morning for Bitcoin/Ethereum have reached or even exceeded the targets of 98000 and 3750, congratulations to those who followed the strategy. Currently, after a rapid drop in the early hours, the market has experienced multiple back-and-forth movements between long and short positions. After Bitcoin broke the range of 98000 to 98500, it tested the upper resistance multiple times after the drop in the early hours but did not break through. This is an important top-bottom conversion position recently, and the MA moving averages are also located between 98000 and 98500, which serves as significant resistance after the break.

In terms of Bitcoin's candlestick pattern, there has been a noticeable pullback at a high level recently, forming a short-term downward trend. In the 4-hour cycle, the price quickly dropped from the high of 100000 to 94800, indicating strong selling pressure. On the technical indicators, the current MACD histogram is negative and gradually expanding, indicating that bearish strength is increasing. Both DIF and DEA are diverging downward, further confirming the downward trend. The short-term market will likely have fluctuations; pay attention to support and resistance breakouts, and combine real-time trend tracking.

In terms of operations, after taking profit on the long positions, prepare to enter short positions. Enter short positions near Bitcoin 98100 to 98500 with a target of around 96500; enter short positions near Ethereum 3790 to 3820 with a target of around 3700. Currently, the market is primarily in a wave pattern, and the publication is timely, with specific real-time guidance as the main focus. #加密市场回调