Cryptocurrency Circle Yueling 12.27 Friday, Bitcoin, Ethereum Morning Strategy!
Good morning to all my friends in the cryptocurrency circle, I am your goddess of luck, Yueling. Overnight, Bitcoin's price has not changed significantly and is still maintaining a volatile rhythm. Currently, in terms of formation, the price rebounded after a high but the rebound strength is not very strong, and it is in a weak adjustment phase. There is clear pressure above while the support below has not further broken down. It is highly likely that the day will continue to maintain a range of volatile consolidation, with strong pressure still concentrated at the 100,000 mark, short-term pressure at 97,000-98,000 range, strong support at 93,000, and short-term support at 95,000. Currently, the market does not have significant negative or positive news impact, so it does not have the conditions for a large drop or rise. The thought process is to treat it as a range for the time being. On Friday morning, if Bitcoin pulls back to 95,000 and does not break, you can go long once, looking for a rebound in the 97,500-98,000 range, and if under pressure, continue to enter short positions. Below, still pay attention to the two positions of 95,000 and 93,000; if it pulls back and does not break, continue to reverse. For Ethereum, rebound in the 3,350-3,380 range. Looking down near 3,200, stop and consider going long once more.