Bitcoin's current price is 94100. After waiting a long time, the high short position has still not been reached. It is expected that Bitcoin will have another pullback. Dou Ge suggests that everyone pay attention to the key resistance levels between 96500 and 97500. The bearish trend remains unchanged. Although the price is still far from this position, it does not mean that a pullback will not begin, so Dou Ge suggests waiting for the key point to arrive or considering going long after testing previous lows again.
Looking at Dou Ge's analysis, the recent bearish trend is very clear. In the four-hour cycle, the price has shown multiple upper shadows at high levels, indicating that the main force above is taking profits. The MACD technical indicator is currently in negative territory, and with the DIF and DEA expanding downwards, the overall trend needs external news stimuli to initiate a bullish phase; otherwise, the bearish trend may persist for a long time.
The Relative Strength Index (RSI) is currently around 40, very close to being oversold. Everyone can wait to enter extreme oversold conditions to take a long position and capture a rebound. The trend indicator EMA's price has broken below EMA7, EMA30, and EMA120, with all indicators showing a bearish arrangement. Currently, the short-term, medium-term, and long-term trends are all bearish. Previously, we followed the trend to go long, but now Dou Ge has changed his approach to follow the trend downwards, always aligning with the trend.
Today's Dou Ge point forecast
Long position at 93000, add at 92000, stop at 91500, target 95500.
Short position at 96000, add at 96500, stop at 97000, target 93500.
Let's take a look at Ethereum.
Ethereum's current price is 3390. With only a few days left in the year, the market is expected to be very calm in the next few days, with no significant fluctuations. Everyone just needs to focus on the key resistance or support levels.
Looking at the current market sentiment of the K-line, Dou Ge is not sure if everyone has noticed that the recent K-line price is in a high-level oscillation, and there are also long upper shadows. What does this indicate? It indicates that the main force is taking profits. This downward pullback is a normal phenomenon. Recently, the main force has been testing the resistance above 3400 without effective breakthroughs, forming a clear short-term top signal.
The technical indicator MACD shows a strong resistance when pulling back upwards, potentially leading to further declines. The RSI is close to 50, indicating a neutral phase. The trend indicator EMA7 is below EMA30, and EMA120 is far above the current price, showing an overall bearish trend. In the short term, we need to focus on whether the K-line can stabilize above EMA7 before considering whether to continue rebounding. The primary focus is on short positions.
Today's latest point of reference
Long position at 3250, add at 3200, stop at 3150, target 3400.
Short position at 3450, add at 3500, stop at 3550, target 3300.
The above analysis is based on market data and trend analysis of the market and does not constitute investment advice. It is provided for family members' reference, hoping to assist others with dreams in finding their position in this unpredictable market and starting their own journey to success.
