12.24 Tuesday Afternoon Thoughts
From the current market situation, we can see that the market is in a fluctuating recovery structure. The four-hour trading volume has been continuously decreasing, and the market trading sentiment is sluggish. The MACD lines are showing a converging state, and the trading volume is relatively balanced. In the hourly timeframe, the afternoon saw three consecutive bullish candles standing above the middle band of the Bollinger Bands. Although it has not stabilized above, we can still see the intention to recover, so in the afternoon, we will maintain the strategy of buying low.
12.24 Tuesday Afternoon Trading Recommendations
For Bitcoin, consider a long position in the 93500-93000 range, with the first target at the 95000 range and the second target at the 96000 range, with a stop-loss of 600 points.
For Ethereum, consider a long position in the 3370-3340 range, targeting the 3450 range, with a stop-loss of 30 points.