Market analysis and operation suggestions for Bitcoin and Ethereum
Current price situation: Bitcoin's 4-hour downward trend starting from 99,600 is nearing its end, and it is expected to be completed in 1-2 days. Pay attention to the support levels of EMA30 at the daily level, EMA5 at the weekly level, and EMA125 at the 4-hour level. The best form is to recover after a false break of 90,800.
Market sentiment and price changes: If the Bitcoin price rises to 97,000 at night and then falls back, the 1-hour downward trend may not be completed. Unless the price is pulled up to above 98,500, it may continue to rise at the 4-hour level. The next 4-hour level rise may be the last one in this round of bull market, with a target price in mid-December.
Price prediction: It is expected that there will be a daily downward trend starting from mid-December, with a target price at the end of January. If it falls back to less than 74,000, the bull market will be completely declared over.
Resistance and pressure levels: Focus on the resistance levels of EMA30 at the daily level and EMA5 at the weekly level.
Technical analysis: The current 4-hour downward trend starting from 99600 has not yet been completed, but is nearing its end. The best pattern is to recover after a false break of 90800.
Specific operation suggestions:
Close half of the short positions of Bitcoin at 91500 to protect the principal and observe the strength of the rebound. If the break-even point is not triggered, the remaining short positions can be closed when the price touches the daily EMA30 (89900), which is around Wednesday/Thursday.
Go long on Ethereum near the daily EMA15 (3475), hold for at least 48 hours or exit at 3800 yuan.
Go long on SOL near the daily EMA60 (202), hold for at least 48 hours or exit at 239 yuan.
