๐ฎ Bitcoin & Ethereum Trading Strategy for Monday, December 23rd ๐
๐ Market Overview
The crypto market is showing signs of stabilization after a period of heightened volatility. However, the four-hour chart suggests the downward trend remains dominant, with Bollinger Bands contracting. Short-term recovery appears challenging as the bearish momentum continues.
The one-hour chart shows some evening recovery, but the rebound lacks volume support, making it difficult to sustain. A bearish strategy remains the preferred approach moving forward.
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Bitcoin Trading Strategy ๐
Resistance Zone: 96,000โ96,500
Support Target: 95,000โ94,000
๐ก Action Plan:
Focus on short opportunities near resistance levels, targeting a drop toward the key support zone.
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Ethereum Trading Strategy ๐
Resistance Zone: 3,340โ3,380
Support Target: 3,250โ3,180
๐ก Action Plan:
Bearish setups are favored, aiming for a decline to the support levels. Monitor volume for any shifts in momentum.
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๐จ Key Reminder:
Stay cautious and monitor volume closely for any unexpected shifts.
Use proper risk management to mitigate losses in this volatile environment.
๐ผ Bearish sentiment dominatesโadapt your strategy accordingly!