Short positions are still profitable, be cautious about bottom fishing! 12.31 Bitcoin Aunt's thoughts
Monday's performance completely met expectations, with Bitcoin surging to the 95000 line at midnight and then pulling back, providing a shorting opportunity at 94800 to profit again, while Ethereum surged to 3436 during the day and then consolidated and pulled back. In the evening, it is recommended to continue shorting on rebounds, with reference points unchanged! The midnight surge to 3420 line pulled back again! The shorting strategy also met expectations! Following yesterday's strategy could yield significant profits!
From a technical perspective, the daily chart shows two consecutive bearish candles, with an overall bearish trend. The Bollinger Bands are severely opened and the middle band is increasingly pressing down. The KDJ three lines have crossed downward multiple times, and the MACD dual lines continue to move downward. The daily outlook remains bearish!
Looking at the four-hour chart, the Bollinger Bands' three lines are moving downward, with the price operating between the lower bands. The KDJ three lines are turning down below the 50 axis, but the MACD dual lines are currently slowing down slightly, and trading volume has significantly decreased. A slight rebound is expected during the day!
Overall, the price is dominated by bears, with the overall trend leaning bearish. Yesterday, US stocks opened significantly lower, consolidated at low levels and rebounded slightly at the close, with an overall weak tendency. Therefore, the operation during the day should still focus on shorting at high positions! Key resistance levels to watch are 95000, 96000, 97500, 98500, and 99500, while support levels are at 91500, 90700, and the 90000 mark.
12.31 Bitcoin trading strategy: Aggressive traders can enter short positions at 94000-94500, while conservative traders can enter at 95500-96000. Set a stop-loss above 96500 (adjust according to your own position size). Target levels are 93500-93000-92500-91500, hold through breakouts based on the situation!
Long position strategy: Try to go long around 91500 during the day, with a stop-loss below 91000. Target levels are around 92000-92500-93000, and for breakouts, look at around 93500-94000.
12.31 Ethereum trading strategy: The short position strategy is consistent with yesterday, entering short at 3420-3450, adding positions at 3480-3500, with stop-loss near 3550. Target levels are around 3350-3300, and for breakouts, look at around 3250-3200-3150.
Long position strategy: I have to say that Ethereum 3300 is really strong, so go long around 3300, with a 30-point stop-loss, and target 3350-3400.
#MicroStrategy增持BTC #加密ETF申请热潮涌现 Bitcoin is getting lower and lower, but the 3300 position for Ethereum is too strong. After multiple tests, it ultimately failed to break effectively. It needs to be closely monitored recently; the breakout will open up lower space! Everyone be cautious about bottom fishing! Daily strategies are disclosed in advance; follow along to profit and share your thumbs up!
