Yuelin: Long-term Observation for Next Week! Heavy Impact Coming!

Time flows by like running water, and in the blink of an eye, it's the end of another week. As we approach the end of the year, has this year's journey been smooth for everyone? Looking back at this week's market, the overall fluctuations have been quite large, with the two sides of the market alternating their performances, drawing a big gate in the trading landscape. At the beginning of the week, we took advantage of the trend and successfully captured the trend reversal after taking two trades, consistently grabbing opportunities and enjoying profits.

From the current trading landscape, it can be seen that the market has formed a very standard downward staircase. Over the weekend, the narrow fluctuations had an overall range of less than 2000 points, with few opportunities for large profits, but short-term trades still offer easy winning chances. From the intraday level, the price is running between the upper and middle bands. Although an early morning spike failed to firmly establish above the upper band, there is an expectation of market recovery. Moreover, from the weekly level, it can be observed that the trading volume is diminishing and the MACD has formed a golden cross at a low level. Next week, Yuelin is optimistic about market recovery and suggests buying low.

Yuelin believes that the range of 93500-92400 is a better area for medium to long-term bullish entry. The upward trend of Bitcoin remains unchanged, but the market is still experiencing large-scale, multi-cycle fluctuations, so a pullback cannot be ruled out, and direct bullish entry is not advisable; it’s better to wait for a retracement.

Yuelin's long-term no orange operation suggestions:

BTC: Buy at 93500-94500, target 97000-99500-100000

ETH: Buy at 3300-3350, target 3430-3450-3800

Survival of the fittest, survival of the strong. Think first, act second, and succeed third. Wait and see, and you may miss out. Thinking is the question, doing is the answer; lose due to hesitation, win through action! If you feel bad, raise your hand 🙋‍♀️🙋‍♂️ and take action with Yuelin! $BTC #加密市场调整