Strategist's Market Analysis: (Issue 153)
Review of Yesterday's Liquidation Chart:
Currently, this formation looks somewhat like a transition from bullish to bearish, with longs starting to liquidate. This morning, it directly dropped to 105,000, liquidating 100 million in longs; below that, at 104,000/90 million, and around 102,000, there is still 100 million. In the short term, we will focus on these two levels for liquidation.
The structure at 102,000 is too small; this morning it directly dropped to 99,000, continuing to look at the bullish side.
The liquidity limit is around 94,000.
Bitcoin Candlestick Chart:
Review: Let's look at the one-sided movement from 90,000 to 108,366; the turning point is at 103,000. Pay close attention to this level, which is an important support level for the upward trend line. If this level is broken, do not enter long positions, and mainly observe. The next strong support is at 99,000.
This morning, the price directly fell to 98,740, exactly hitting my predicted level; it was too intense.
Yesterday, Powell's live call for shorts was indeed impressive; his ability to wash out positions is quite strong.
The market is currently ambiguous; we need to see if it can break and stabilize above 103,000. This is a key juncture, with support below at 98,500.
The oscillating upward channel has reached a critical position; if this formation breaks down, we will not go long anymore.
If it can stabilize within this range, consider buying on dips.
Bitcoin ETF: Net inflow of 272 million USD; yesterday morning it was mentioned that institutions would continue to sell Bitcoin risks ahead of Christmas. Institutions are selling off in small amounts, while BlackRock is still buying heavily, with 357 million USD. Continuous selling pressure is expected, so be aware of the risks.
Ethereum ETF: Only Grayscale is selling, while other institutions have not sold much.
BlackRock continues to purchase, having bought 81.9 million, which has absorbed the selling pressure.
For Ethereum below 3,500, buy small on slight dips and buy large on significant dips; do not hesitate or be indecisive.
Around 3,200 is the bottom price.
The strategist has been reminding that it is a chaotic era recently; operate cautiously!!
It is predicted that the downward trend will continue until this week. Over the weekend, altcoins will begin to recover, and next week will kick off a season of altcoin frenzy and a bull market.