🍠December 26th midday market outlook.🍠
$BTC 's viewpoint:
After a day of consolidation, there seems to be some movement, not much but better than no movement. 100,000 is the previous support and now an important resistance level. Whether it can break through depends on the opening of the US stock market tonight, which may lead to a rise in Bitcoin.
Bitcoin broke through 98,835 with volume, closing above 98,835 on the hourly level, pursue more on the right side, and recover the stop loss.
If it breaks down below 98,501 and rebounds without recovery, pursue short on the right side, and recover the stop loss. Pay attention to changes in volume.
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For those who want to go long but don’t have a position, wait for a pullback to 96,527 and take a small long position; here is a small support level, if it breaks, stop loss at 96,000.
Bitcoin aims to challenge the 100,000 round number, but it must first break and stabilize above 99,431. Only by breaking and stabilizing above 99,431 can we look at the upper range of 100,650-101,379; otherwise, the probability of a retracement is high.
Above, pay attention to 100,650 for a 2b false breakout to take a small short position, with the stop loss at the high of the false breakdown.
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Conservative traders should wait for 95,502 to go long, and must stop loss if it breaks below 95,000.
Bitcoin’s hourly level should not break below 97,369; if it does, look downward to 96,588-95,607.
Upper resistance at 99,485-100,561-101,379
Lower support at 97,547-96,417-95,340
Bitcoin's hourly level needs to form an M head pattern, and must break below the neck line at 97,493 to form.
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$ETH Thought Process:
Ethereum broke through 3,464 with volume, pursue more on the right side, and recover the stop loss.
Ethereum broke down through 3,456 with volume, pursue short on the right side, and recover the stop loss.
On a pullback to 3,390, take a small long position; stop loss if it breaks below 3,356.
Ethereum's hourly level must break through 3,505 to look upward to 3,542-3,600.
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Above Ethereum, pay attention to 3,561 for a short position; stop loss if it breaks through 3,600.
Left side order: 3,292 for a long position; stop loss if it breaks below 3,258.
Ethereum’s 4-hour level of 3,427 hopefully can hold; if it cannot, it will need to go down to 3,370-3,292 or even lower.
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If Ethereum's exchange rate breaks the support of 0.035, then let's see 0.034!
Upper resistance at 3,487-3,517-3,576
Lower support at 3,429-3,391-3,327
Friendly reminder: If you haven’t bought spot during a significant drop, remember this: to make money, you must first get trapped. Meeting adjourned.