$BTC 12.21 Live Stream Theme
Yesterday was a double kill for both bulls and bears, Bitcoin's weekly chart spiked to 92,000 and then returned to 98,000. Can it continue to break through! Real-time analysis in the live stream
Yesterday's market truly saw a double kill for both sides. According to normal logic, 94,800 is the dividing line, but the market just spiked while bottoming out, which likely trapped many who chased the short.
Bitcoin's weekly chart spiked and then quickly rebounded. In this case, if the weekly candle does not close, it’s better to be cautious because the first weekly spike cannot lead to a drop; the tricky point from the market makers is that they trap you at low levels. The moving averages are inclined at a 45-degree upward angle, generally indicating that the trend hasn’t turned negative; at least two more weekly candles are needed to make a decision.
Ethereum is in a relatively weak bull market, but it can't be ruled out that there might be a catch-up rally. Yesterday, it spiked to 3,100 and quickly returned to the current level of 3,550. Sometimes, the stronger the pullback, the stronger the catch-up rally that follows.
Bitcoin trading suggestions:
Enter short at 100,800 to 500
