12.26 Thursday Bitcoin, Ethereum Afternoon Trading Suggestions
Bitcoin's price faced pressure near the morning high of 99995, starting a downward trend, retracing all the way to around 98500, constrained by the significant resistance at the 100k level. The price began to fall back, and our earlier orange strategy also captured this pullback, with Bitcoin gaining over 1100 points and Ethereum gaining over 40 points, firmly locking in profits. After Christmas, whether bearish or bullish, there is a large space, the only question is whether you can lock it in accurately?
If the logic for opening a position is only a rough idea without a detailed plan, for example, seeing a 1-hour MACD divergence and then opening a long position on the 5-minute chart. What is the opening signal? Where to set the stop-loss? Just looking at it casually and deciding based on feelings, can trading work like this?
From the four-hour perspective, after the upper Bollinger band faced pressure and broke through the middle band, it closed above the middle band, breaking the strong upward trend that relied on the middle band. At the same time, the short-term breakout is correcting, and this pullback is not a trend reversal but a correction to accumulate power, and the next rise will once again explore higher levels. During the previous rise, there was no significant correction, and the local retracement has already occurred, so for the future, I am optimistic that the bulls have good upward space!
Thursday Afternoon Trading Suggestions:
Bitcoin 98400-98000 Long, Target 100000
Ethereum 3440-3420 Long, Target 3550
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