Market summary: Horizontal fluctuations, waiting for trend change opportunities
Bitcoin continues to show weak horizontal movement, while Ethereum is rebounding stronger, but the rhythms of the two differ and need to be treated separately. The market is still in a bottom consolidation phase, waiting for the next wave of market initiation.
This week has a higher probability of being bullish, but macro factors still pose risks, especially as Powell's market impact has not been fully digested. Short-term operations need to remain patient and respond steadily.
Bitcoin (BTC) market analysis and operation suggestions
Large-scale analysis:
• Bitcoin daily level shows a dark cross star closing, Bollinger Bands lower track is opening downward, MACD bearish momentum continues to expand, KDJ death cross continues downward. Overall bearish pressure is still evident.
• The 4-hour level rebound is facing pressure from the middle track, and it still belongs to a weak fluctuation in the short term, continue to prioritize high shorts.
Key levels:
• Resistance levels: 95000 / 96500 / 97700
• Support levels: 92500 / 90500 / 89000
Operation suggestion:
• Short in batches near 95000 / 96500 / 97700, aiming for 92500 / 90500.
• If it drops to the support range of 90500-89000, pay attention to rebound opportunities, but focus on short-term operations to avoid chasing high.
• Pay attention to controlling positions and risks, low leverage operations to prevent sudden market movements.
Ethereum (ETH) market analysis and operation suggestions
Trend analysis:
• Ethereum has shown significant strength recently, with noticeable on-chain purchasing power and institutional capital inflow, exhibiting a strong rebound momentum.
• However, if Bitcoin continues to decline, the risk of Ethereum falling in sync still exists, operations need to be cautious.
Key levels:
• Resistance levels: 3420 / 3470 / 3520
• Support levels: 3340 / 3280 / 3200
Operation suggestion:
• Short in batches near 3420 / 3470 / 3520, aiming for the support area of 3340 / 3280 / 3200.
• If it drops to 3150-3200, consider entering with light positions at low buys, waiting for trend change opportunities.
• Pay attention to macro risks and the impact of reduced liquidity during holidays, timely take profits and stop losses.
Overall strategies and precautions
1. Fluctuation market is predominant, prioritize high shorts:
• Bitcoin and Ethereum are currently still in a weak consolidation phase, it is not advisable to chase the rise in the short term, wait for rebound high short opportunities.
• Build positions in batches, set stop losses strictly, control risks.
2. Patiently wait for the bottom to be solidified:
• The market is still in a fluctuation range before a trend change, most funds are on the sidelines, do not act blindly.
• If it breaks above resistance or falls below key support, follow the trend and flexibly adjust strategies.
3. Macro factors and holiday risks:
• Christmas holiday market liquidity weakens, increasing short-term volatility risks, it is recommended to control positions and reduce leverage.
• Geopolitical and economic policies still have potential impacts, always pay attention to changes in market news.
4. Fund management and risk control:
• Contracts and leveraged trading require strict risk control, do not operate with heavy positions, ensure retained funds for the new year.
Summary of views
Bitcoin is consolidating and mainly focusing on high shorts during the day; Ethereum is rebounding strongly, but the risk of simultaneous decline still exists. It is recommended to primarily focus on short positions at high points, with short-term low buys only as a supplementary strategy.
The bull market is not over yet, patiently wait for market signals and prepare for the next wave of market explosion!
Investment comes with risks; enter the market with caution!