Weekly trading summary [12.2-12.8], analysis of the market trend next week for Bitcoin.
The market was not very active over the weekend. The price movements during these two days were quite suitable for short-term trades. I made four or five trades over the weekend, all of which are currently profitable. There is no new strategy update today because the price volatility has not exceeded yesterday's trends, so today we are also laying out around yesterday's low point! Enter long on a pullback near 99000! This week I made 18 points, with a stop loss of 1 point, totaling over ten thousand points on Bitcoin and several hundred points on Ethereum. Compared to last week's performance, this week's results are slightly more impressive, with many high-quality players in the market, achieving an overall performance of over 95%! Congratulations to friends on both sides! Based on the current performance, a position increase of 2-3 times in one week is very easy, as long as execution is in place. Conan believes that taking off is absolutely not a problem!
From a technical perspective, the weekly chart is showing a shift from bearish to bullish. This week, we will undoubtedly see another long bullish candle with a long lower shadow. After two consecutive weeks of probing the 90000 level without a breakthrough, the quick rebound after the probing indicates strong resistance below! The Bollinger Bands are opening significantly, with the price operating above the upper band. The KDJ lines are turning down from a high position, and the MACD lines are showing a bullish crossover with upward divergence, with volume gradually increasing! Currently, the bullish outlook remains unchanged! We must be cautious about the correction needs of the Bollinger Bands and KDJ indicators!
How to layout for next week?
Considering market news, although Friday's non-farm numbers were quite impressive, the inflation issue has not been resolved. After data showed that the U.S. labor market remains strong but with signs of slowing, Federal Reserve officials seem likely to cut interest rates this month, though debates about possibly pausing rate cuts next year are now on the table. Policymakers who spoke before the Fed's quiet period generally indicated they expect rates to continue to decline, while maintaining a cautious attitude towards the pace of rate cuts. Therefore, Conan is still relatively optimistic about the bulls continuing next week! Next week's resistance levels to watch are 100500, 102000, and 105000. If these levels cannot hold, then we will look at the significant 110000 level. Support levels to watch are 97500, 96400, 94600, 93600, and 90000.
Operating strategies for Bitcoin on December 8 evening and the following early morning: Aggressive traders can enter long positions on pullbacks to 98500-99000, while conservative traders can enter on pullbacks to 97000-97500, with a stop loss near 96400. The target is around 100000-100500-110000, with a long-term target near 120000.
Operating strategies for Ethereum on December 8 evening and the following early morning: Aggressive traders can enter long positions on a pullback to 3900-3930, while conservative traders can enter on a pullback to 3830-3850, with a stop loss below 3770. The target is around 3950-4000, with a breakout target of 4050-4100, and a long-term target of 4200-4300.
A week has passed in the blink of an eye. How have you all been doing? Have you been able to follow Conan's daily shared strategies to enjoy some big gains? All daily strategies are publicly shared online! I believe friends who kept up with this week's strategies have gained something! Next week, the Federal Reserve's decision is approaching, and a rate cut is another major benefit, especially with the new president about to take office. The market generally expects the price to surge to 120000, so let's layout for mid to long-term accordingly! #BTC能站稳10W吗？ $BTC