Capital inflows cannot boost the market, the ultimate reason is it! 12.11 Bitcoin Aunt's operational strategy
The spot ETF market has been increasing its holdings, and this week still shows a net inflow. However, the coin price has remained stagnant! The main reason is Google's public statement: the most advanced computers now need to calculate problems that take longer than the universe's age of 13.6 billion years, and Google claims they solved it in five minutes. What does this mean? It means that various algorithms and encryption formulas of cryptocurrencies can already be easily cracked in front of Google! This also means that cryptocurrencies are no longer safe! Hence, the coin price has been stagnant recently! And the short-selling strategy given yesterday had only a difference of 200 points without a transaction. Entering long positions too early was swept away!
Looking at the chart, there are two consecutive daily bearish candles, both with long lower shadows, and this closing pattern is undoubtedly bullish. The Bollinger Bands are slightly downward, with the coin price running below the middle band, and the auxiliary indicators KDJ and MACD are both in a death cross pointing downwards, with daily indicators slightly bearish!
From the four-hour perspective, the Bollinger Bands are downward, and the coin price is running above the lower band. The four-hour chart clearly shows a double bottom structure, with KDJ's three lines in a golden cross pointing upwards, and MACD also turning upwards from a low position, with volume gradually decreasing! The four-hour chart clearly indicates a rebound. Therefore, for intraday operations, Conan suggests focusing on long positions on dips! The upper pressure levels to watch are 97300, 98300, 99000, 100500, and 10150, while the support levels to watch are 95000, 94100, 93600, and 92800.
12.11 Bitcoin operational strategy: Aggressive traders enter long positions on dips at 95000-95500, conservative traders enter around 94100-94500, with a stop loss below 93600, and targets look at 96500-97300-98300 nearby, with a breakout looking at 99000-100000-10500 nearby.
Short position strategy: Attempt to enter short at 98500-99000, with a stop loss near 99500, and targets look at 98000-97300 nearby, with a breakout looking at 96500-96000 nearby.
12.11 Ethereum operational strategy: Aggressive traders enter long positions on dips at 3520-3550, conservative traders enter around 3480, with a stop loss below 3450, and targets look at 3600-3650 nearby, with a breakout looking at 3700-3750.
Short position strategy: Attempt to enter short at 3700, with a stop loss near 3750, and targets look at 3650-3600 nearby, with a breakout looking at 3580-3550.
Large traders and institutions continue to increase their holdings. Currently, from the chart's perspective, there are signs of a stop decline, and this week's downward spike has liquidated a large number of long positions. The next liquidation should be for short positions! Everyone should be cautious about chasing shorts! #BTC投资案未获微软股东同意 $BTC