Friday night's prices continued to rise, and Ethereum surged strongly over the weekend, breaking through previous strong resistance!
The short position strategy we shared early Saturday morning saw Ethereum slightly pierce our short position defense this morning. The Bitcoin short position is still being held, remaining near the opening price of the initial position.
From the daily chart perspective, Bitcoin and Ethereum have stabilized above the middle track on the daily level. Bitcoin is currently under pressure from the daily MA30 moving average and is caught in a consolidation, while Ethereum has stabilized at the middle track and the price continues to rise, approaching the upper track.
The MACD bullish momentum bars on the daily level have begun to expand, and the strong surge over the weekend caught us off guard. However, the movement on the Bitcoin side appears slightly weak. Considering that the retracement after the rise is not significant, and the daily level has also begun to rebound, there is still the possibility of a second peak and a补涨 (catch-up rally).
For those who are more cautious, you can pay attention to the resistance levels above Ethereum at 3710-3760, which correspond to the four-hour upper track and the daily upper track resistance. You can consider trying short positions with a light position at these two points. As for Bitcoin, you can hold and observe the resistance situation above, with the replenishment point and defense remaining unchanged. Just control your position well!
On Friday, the price of Bitcoin and Ethereum continued to fluctuate and consolidate, and began to rise again in the evening to test the upper pressure.
At noon, I also reminded short orders to look at the four-hour middle track support. If it does not break, you can open more. Friends who follow the idea can also seize the profit of short orders.
From the current trend, the daily line has broken through the suppression of the middle track, and Bitcoin has touched the upper track in four hours. There is MA180 moving average suppression here, and there are signs of stagflation. Ethereum is also close to the strong pressure of 3600, including the upper 3660. This pressure has also been repeatedly unbroken in the previous market.
If the secondary volume of four hours cannot directly break through the upper strong pressure and stabilize, it will eventually fall again. The trend of the weekend is basically dominated by fluctuations. At this time, breaking the high will also face the embarrassment of powerlessness.
At this price, you can first establish a short position. The replenishment point of Bitcoin can focus on 99800 here, and the defense can be given to 10200. The target below focuses on 97000-95000!
For Ethereum, you can pay attention to 3650 for replenishment. The defense can be 3670, and the target can be 3480-3400!
You can first increase the first position by 3%, and then replenish it later!
The large pie 97800 and Ethereum 3500 short positions provided yesterday have successfully entered the market and have already made some profits!
From the current trend, after two days of consolidation during New Year's Day and yesterday, the prices of the large pie and Ethereum began to rise last night, with the highest point touching the upper resistance, which is also the mid-level position of the daily line. After being pressured at the top, the price has pulled back.
Looking at the overall trend, the strong resistance above has still not been broken through. After the short positions were executed, they are still being held. The MACD bullish energy bars at the four-hour level continue to shrink, while the price is currently receiving some support at the MA5 moving average level.
Here, we have entered the short positions and will first hold on while observing the retracement strength at the four-hour level. As long as the mid-level is not broken, we will exit and reverse directly; if it breaks, we will reduce positions and continue to hold to see the support near the previous low below!
The price of Bitcoin has rebounded to the four-hour lower support yesterday, and the current price has reached the upper resistance of the four-hour level.
From the overall trend perspective, it still has not been able to break through the range, so we can still pay attention to the resistance above to look for short opportunities.
For Bitcoin, the resistance above is 97800-98800, and for Ethereum, the resistance is 3450-3500!
You can try with a small position and small defense!
Yesterday, the price rebounded and rose to the vicinity of the four-hour upper track after hitting the bottom, but the overall price still failed to break through the upper pressure. The overall price still moved back and forth within the range, and the high-altitude thinking also successfully completed the entry profit!
Yesterday, the short orders of 95800 given by Bitcoin and the short orders of 3425 Ethereum were both profitable!
From the current trend, the upper side still failed to break through after testing the pressure. Today, the price fell rapidly and came to the vicinity of the four-hour lower track again. Here we first pay attention to the support below and try to catch the rebound space. The upper side still pays attention to the layout of short orders near the pressure point!
Bitcoin suppresses 94800-95800, and supports 93000-92000! Ethereum suppresses 3425-3500, and supports 3300-3200!
I also wish you all a better and better new year, and a happy New Year!
After consolidating at the bottom, the white plate price began to rebound in the afternoon, and once again touched the resistance above!
The current price trend has started to rebound, and the short position idea we shared in the morning is about to reach the entry point nearby. Here we can continue to pay attention to the resistance situation above and consider entering short!
For Bitcoin, entering short at 94800-95800 is still possible, with a stop loss of 500 points, aiming for 93000-92000!
For Ethereum, continue to pay attention to entering short at 3425-3500, with a stop loss of 40 points, targeting around 3300!
Last night's market trend perfectly aligned with the short entry points we provided during the day session. The overall trend was also within our expectations!
Bitcoin entered short at 94800, and the target of 92300 has already been reached, completing a profit of 2500 points!
Ethereum entered short at 3425, and the target around 3300 also provided an opportunity to exit, making a profit of 100 points without any issues!
From the current trend, Bitcoin and Ethereum initially declined slowly last night to the nearby support point. Bitcoin broke below 92000, reaching the lower boundary of the daily chart where it received support and rebounded to around 95000 but failed to stabilize and fell again. Ethereum, on the other hand, has been oscillating around the 3300-3425 range.
Overall, the trend still shows a pattern of oscillating downward, with each peak getting lower and the bottom support continuously breaking. In the current market, we should continue to adopt a strategy focused on shorting at high points!
The entry points for Bitcoin and Ethereum remain unchanged at 94800 and around 3425. When opportunities arise, you can enter, ensuring to manage stop-loss and take profit properly. In this kind of market, making 100 points on Ethereum and around 2000 points on Bitcoin is still quite easy!
Today's overall trend has not shown much fluctuation, still oscillating back and forth within a range. The rebound shorts given during the day provided entry opportunities, but the strength of Bitcoin is still lacking.
From the current trend, the overall rebound strength during the day is insufficient, facing continuous pressure from above. The market is continuously consolidating at a high level. Our strategy for short positions remains unchanged. For Ethereum, it is essential to manage risk well to prevent Bitcoin from making a late surge, while Ethereum might slightly breach the defense!
As long as Bitcoin cannot stabilize above the four-hour mid-band, the outlook remains bearish. For Ethereum's rebound, attention can be given to the 3450-3500 range, and if the defense is breached, there may be opportunities to enter here!
The short position strategy shared on Friday has successfully made a profit, with Bitcoin gaining up to 4000 points and Ethereum gaining 100 points!
The weekend also provided multiple opportunities to re-enter the market, as mentioned in the weekend video. Bitcoin and Ethereum will continue to oscillate within the range in the short term. Bitcoin is continuously oscillating around the lower middle band on the four-hour chart, with the upper resistance gradually moving down, while Ethereum is oscillating around the upper and lower bands on the four-hour chart, with upper resistance at 3425-3560!
At first glance, there is a difference in the price trends of Bitcoin and Ethereum. Bitcoin's middle band is under pressure and continues to decline, with a further test of the lower band support at 93000, while Ethereum has bounced back to around 3425 after being supported near 3300!
However, the overall trend is still within the oscillation range, so the strategy remains primarily to go short at high levels, with some long positions at low levels! For Bitcoin, you can pay attention to the rebound to the middle band near 94800-95800 to try a short position, with initial support looking at 93000-92300, and maintaining a stop loss of 500 points!
For Ethereum, you can also try a short position near the upper resistance at 3425, with a stop loss of 40 points, and initial support looking at around 3300; if it doesn’t break, then go long immediately!
Currently, it is a phase of oscillation and consolidation, so let's do a good job with our swings and prepare for the subsequent second round of upward movement!
The decline continues, can the previous low still be maintained?
Since the decline of Bitcoin and Ethereum last Friday, the overall trend of the weekend is still dominated by oscillating downward. After the price rebounded to the suppression point, it continued to fall under pressure
The short orders given on Friday and the weekend also continued to make profits. The short orders of Bitcoin 97000 and Ethereum 3425 can also perfectly seize the short orders of this round of high points and continue to make profits. The current price has also reached our stop-profit point, giving us the opportunity to leave!
From the current trend, Bitcoin and Ethereum continue to be under pressure and downward in four hours, the three lines of KDJ diverge downward, the MACD bullish energy column continues to shrink, and the price continues to be under pressure from above. It has not been able to break through the upper pressure to go to a new round of gains. So the decline will continue at present, and the short orders can be reduced and held!
Friends who have not entered the market can still pay attention to the four-hour middle track pressure to find opportunities. If the upward trend does not break, open shorts, and break through and stabilize to open longs. Similarly, small positions and small stop losses can be used! $BTC $ETH
Yesterday's short position made a good profit. From the trend point of view, from last night to now, Bitcoin and Ethereum have continued to fluctuate in a narrow range, and have not been able to break through up and down.
From the current trend point of view, after Bitcoin and Ethereum fell yesterday afternoon, the price has been running in the middle and lower track of the four-hour market from evening to now. Bitcoin continued to be supported after falling to around 95200, and the declines stopped here many times. Ethereum fell directly to the support of the four-hour lower track and rebounded slightly.
From the current overall point of view, the overall rebound strength of the market after the decline is not enough. The four-hour After the middle track fell, there was no upward test, which shows that the bulls are not strong enough. Our intraday operation strategy is still based on high altitude.
For the rebound of Bitcoin, pay attention to the four-hour middle track suppression of 97,000 and the upper 98,000 to find short opportunities. The lower support can be seen at 95,200-93,000. The defense is still 500 points.
For the rebound of Ethereum, pay attention to the four-hour middle track suppression of 3425 and the upper 3500 line to find short opportunities. The lower support is 3300-3200, and the defense is 40 points!
The short position strategy shared in the morning has been validated, with Bitcoin short position earning over 2000 points. If still held, the profit is now around 3000 points!
The short position for Bitcoin given in the morning at 98800 faced resistance, and leaving the position at 96600 resulted in a profit of 2200 points. The short position near 3480 in Ethereum has also earned over 100 points!
From the current perspective, there is a continuous breakout on the hourly chart, the four-hour level has broken below the middle track, and the MACD bullish energy bars are continuously shrinking. The bearish momentum is strong, and there is still a possibility of continued downward break this evening. Those who have closed their short positions can wait for a rebound to find opportunities to re-enter, while those who haven't closed should appropriately reduce their positions and maintain a bearish outlook!
For Bitcoin, the first line of resistance to watch during the rebound is around the four-hour middle track near 96700 and the upper MA240 moving average resistance at 97700 to find opportunities to enter short. The support below to watch is near the lower track at 93000 and the previous low; if it breaks, we can continue to look towards 90000!
For Ethereum, during the rebound, focus on the range of 3420-3480. The support below to watch is the four-hour MA360 moving average support at 3320 and the lower track support at 3280, as well as the daily lower track at 3200. If it breaks, we can continue to look towards around 3100, but if it doesn't break, we can switch to a long position!
All operations should still maintain light positions with small defenses!
From the market perspective, it has already started to fluctuate and decline. The short position strategy provided in the morning has also given an entry opportunity, and currently, we are in a profitable position.
Looking at the current situation, the four-hour level has shown a relatively obvious downward trend. The MACD bullish energy bars continue to decrease, and the KDJ three lines are diverging downward. There is still some space for short positions to be taken, and for taking profits, we should still focus on the support points given in the morning for partial profit-taking.
It is important to note that the current price of Ethereum has touched the four-hour mid-line support. As long as it breaks below this line, there is still a chance to explore lower levels. If it does not break here, there is a high probability of a rebound. Therefore, make sure to set both take profit and stop loss to prevent any profits from being given back!
Yesterday was Christmas, the US stock market was closed, and the market basically showed a short-range fluctuation throughout the day, which can be said to be without any volatility.
Until this morning, the price of Bitcoin rose slightly again, once again facing resistance at the 100,000 mark, failing to break through. The current price, under pressure, has once again fallen back. The MACD bullish momentum bars on the four-hour chart continue to shrink, and the high point resistance has not been broken, so the intraday strategy remains primarily short at high points with some long positions at low points.
The overall trend of Ethereum is basically the same as Bitcoin, with the overall market trend fluctuating around the four-hour MA5 moving average. The MACD bullish momentum bars on the four-hour chart continue to shrink, and the KDJ three lines are diverging downwards. The hourly chart has been declining continuously after reaching a peak in the morning, with the intraday strategy consistent with Bitcoin.
For Bitcoin, attention can be paid to entering short positions at the resistance level of 98,800-99,900, with support below at 97,600-96,600. If it doesn't break below, you can try to reverse positions, with a stop loss still at 500 points!
For Ethereum, attention can be paid to entering short positions at 3,480-3,560, with support below at 3,420-3,320. If it doesn't break, you can reverse to a long position, with a stop loss of just 40 points!
From the current trend perspective, prices began to gradually rise around the opening of the US stock market last night. The Bitcoin price did not break the previous low, forming a double bottom in a short time. The subsequent rebound did not break the previous high, and overall it is still fluctuating within a range. The Ethereum trend is essentially the same.
Last night, a message was also posted as a reminder that for the long positions from yesterday, it would have been wise to reduce positions and take profits near the previous high. Bitcoin did not break the 100,000 line, so short positions can be entered accordingly. Similarly, Ethereum did not break the previous high of 3560, and short positions can also be entered. Friends who have already entered the market are currently making good profits, and those who haven't need not rush, as there will be opportunities to look for during the day.
Currently, the daytime overall is a fluctuating trend. The current price is under pressure near the upper band on the four-hour chart, and short positions can still look for entry opportunities. The support for Bitcoin is around 97400-95800, while the support for Ethereum is around 3440-3360.
Today is Christmas, and the US stock market is closed. The overall tone for the day is fluctuation. Everyone can relax a bit, manage profits and defenses well, and go out to have some fun, maybe set up a date or something. Merry Christmas to everyone!
Bitcoin touched the bottom and rebounded upwards, Ethereum stabilized after the four-hour midline and the price continued to rise
Last night, I already shared this, and both bullish and bearish strategies were clearly given. After breaking and stabilizing the midline in four hours, one can go long, and the pressure from the upper line in four hours has also been indicated earlier.
From the current trend, Bitcoin and Ethereum's price has risen near the upper line in four hours and is facing some pressure. Bitcoin's daily level is also close to the midline, friends who still hold long positions can consider reducing their positions appropriately.
For Bitcoin, we can pay attention to the gains and losses around the 100,000 mark. After touching the bottom, if this round of rebound can stabilize above 100,000, then we can look forward to a new round of increases. For Ethereum, pay attention to the stabilization around 3560.
From the perspective of intraday trends, the overall situation is in a consolidation phase.
Bitcoin and Ethereum are both oscillating around the four-hour MA5 moving average. The resistance above Bitcoin still focuses on the four-hour midpoint, while Ethereum similarly pays attention to the gains and losses at the four-hour midpoint for positioning.
The arrival of Christmas also means the U.S. stock market will be closed. Here, we need to see the impact on the market after tonight's U.S. stock market opens. Initially, it appears that the MACD bullish momentum is insufficient, and Bitcoin has not been able to rise again for a day.
After falling from above, it began to narrow its oscillation. The daily MACD bears are continuously increasing their volume. If the price still cannot stabilize above the four-hour midpoint this evening, we can position our short orders.
For support below, Bitcoin should primarily focus on the previous low nearby; if it breaks below, we can look for further declines. Ethereum should prioritize the four-hour midpoint; if it breaks below, we can short, and if it holds, we can go long.
All operations should be primarily light positions, with small defenses to control risks!
From the current trend, Bitcoin and Ethereum have shown differences in their movements.
Last night, Bitcoin's price rose to the mid-band on the four-hour chart, faced pressure, and then fell back near previous lows. In contrast, Ethereum's price broke through the mid-band resistance on the four-hour chart after the four-hour candlestick shift, reaching a new high of around 3465.
Our layout yesterday focused on the mid-band resistance on the four-hour level for positioning. This was mentioned in both the article and video content. Once the mid-band resistance on the four-hour level was confirmed, we considered re-entering the market, and the lower support was also clearly outlined.
Currently, we have already achieved good profits, and the trading strategy for the current day remains the same: simply buy low and sell high within the range.
Bitcoin has continued to retreat after facing mid-band resistance on the four-hour level, and it is about to drop again to the lower support level. Long positions can be attempted here, with a stop loss of 500 points. The rebound target can be focused on the 94600-96000 range!
As for Ethereum, the focus is on the mid-band support on the four-hour chart. If it breaks below, we can short and look at the 3280-3220 range. If it doesn't break, we go long directly, with the target set at 3420-3480, and a stop loss of 40 points!
This has already been shared in the afternoon; the long position during the day successfully took profit. In the afternoon, I reminded short positions to pay attention to the four-hour midpoint for layout, which has now been confirmed.
The current price is falling again, and the support below still focuses on the large pie given during the day at around 93500-92000, while Ethereum focuses on around 3200-3160.
Whether it can continue to break lower is temporarily aside; let's first grasp what we can hold onto, appropriately reduce positions to take profit, and observe the strength of the support below to attempt a reversal!
The morning sharing highlights that there are profit opportunities for both long and short positions. As long as you seize the opportunity and enter the position, you can make a profit.
A significant rise of a thousand points for Bitcoin and 80 points for Ethereum is still quite achievable. Looking at the current trend, although there was a rebound on the intraday four-hour level, the overall upward momentum is insufficient, and the upper side is still under pressure. Those who haven't exited their short positions can hold on a little longer.
The four-hour chart continues to be pressured by the middle track, and opportunities for long positions should be waited for until the price pulls back to confirm support below before entering. From the current perspective, the decline isn't over yet, and there is still some space left. Both Bitcoin and Ethereum can focus on finding opportunities near the previous lows, while short position opportunities should continue to monitor the pressure situation of the four-hour middle track above!