December 21 Summary: Tan Sen arranged two trades today
Bitcoin totaled 2986 points, Ethereum totaled 116 points
In the market trend of the day, Bitcoin's performance was particularly noteworthy. Starting from the key low point of 97142, its price seemed to be injected with strong momentum, soaring upwards like an arrow released from a bow. During the upward journey, it successfully broke through the important resistance level of 98600, which had previously hindered the price's ascent multiple times. However, this time Bitcoin, with the strong buying power of the market, broke through it in one go, and continued to rise vigorously until it faced strong pressure near the high point of 99485. After being pressured at the high point of 99485, market sentiment reversed instantly, with bearish forces beginning to dominate, and the market quickly retreated. During the decline, the price continued to fall, almost encountering no significant support, smoothly dropping all the way until it temporarily stopped the decline at the low point line of 96375, with a considerable drop in this round.
At the same time, Ethereum's market trend is also worth paying attention to. Ethereum began its upward journey from the low point of 3442, steadily climbing under the push of bullish forces, gradually approaching the high point of 3553. When the price reached the high point of 3553, it encountered selling pressure above, and the bullish forces struggled to continue supporting the price's upward movement, subsequently entering a retracement mode. During the retracement process, the price continued to dip, and although there were small rebounds in between, the overall bearish trend remained unchanged, until it dipped to the low point line of 3344, where initial signs of stabilization began to appear, which needs to be closely monitored. If the market breaks through the current range, a new direction will be generated. It is initially estimated that before tomorrow, the market may complete its adjustment within this range.
In market trends, no one can control the overall trend. We should follow up promptly when trend signals emerge, but many people miss out due to indecision, resulting in poor outcomes. It must be said that professional matters should be left to professionals; do not challenge trends with shallow understanding, or you may easily get hurt and exit the market. In the market, it is not that the more actions taken, the easier it is to profit, but only by following the correct mindset, accurately grasping opportunities and rhythms, and closely following the trend, can one avoid many mistakes and profit easily.
