Crypto Circle Yuelin 12.18 Wednesday, Bitcoin, Ethereum Morning Strategy!
Hello, friends in the crypto circle, good morning! I am your lucky goddess Yuelin. Yesterday, the price of Bitcoin continued to rise, reaching around 108300 before pulling back for adjustment. Overnight, the price dipped to around 105200 before stabilizing, but the rebound strength is not significant, currently operating around 105800. After the price surged, many traders took profits, leading to a price drop, making the short-term outlook weak.
From the daily perspective, the candlestick has closed positively for four consecutive days, showing a steady climbing trend. After rising, it consolidated and built momentum to break out again, constantly refreshing the highs, with a very clear rhythm. However, after yesterday’s surge, there was a quick pullback, and the trading rhythm has somewhat paused. In the short term, it may enter a phase of consolidation, with strong resistance at 108000 and short-term support around 105000. As long as it doesn’t break below this level during a pullback, the trend structure will remain unchanged. In the short-term 4-hour chart, Bitcoin is currently in a phase of rising and then pulling back, just touching the support around 105000 before rebounding again. This is where the short-term support can be observed. As long as it holds, we will not discuss deep corrections. Although the strong rhythm has been interrupted, the trend remains unchanged. A pullback is an opportunity to enter. It is expected that there will still be upward movements, so the strategy is to focus on buying low. If there are signs of pressure when it goes up, consider selling once more.
Personal trading advice for Wednesday:
BTC: Buy at 105000-104500, target 108000-107500
ETH: Buy at 3830, target 4000
Every day, Yuelin will update the market trend interpretation and trading ideas. The strong will remain strong. I wish all crypto friends to adhere to trading principles, stay away from emotional trading, and may your trading today be smooth and prosperous, making a fortune!
