2024.12.12 9:44 AM BTC/ETH Market Analysis
One night in hell and one night in paradise, this is the secondary market, devouring people without spitting out bones. Without a sense of reverence and reasonable position management, you can still lose money in a booming market! The rhythm of the bull market switches quickly, with fierce double kills on both long and short positions!
It is essential to reasonably allocate short, medium, and long positions!
BTC Focus
Support: 98450/97450/95150
Resistance: temporarily set at 103300
ETH Focus
Support: 3685/3565
Resistance: temporarily set at 4000
After a continuous surge for 30 hours, the current early session is pulling back. The low point is currently following the market upwards. Chasing high prices is absolutely a no-go; set your low buy positions and patiently wait for opportunities. If opportunities arise, then enter; if not, just wait for breakout levels! The current price consolidation phase is typically left for the inexperienced traders!
So now you know how to operate, right?
Since late October this year, the market has started to ignore the news and has shown its uniqueness! The impact of news is only temporary; a key feature of a bull market is to ignore the effects of news and policy, continuing to maintain its own rhythm. Therefore, in every significant drop, we should set up in advance, allowing the main force to trap us, and just wait to be trapped!