Deep Analysis of Bitcoin and Ethereum Strategies on Friday, December 20
At 3 AM yesterday, the U.S. unemployment claims data was released, and the results were unexpected, coming in lower than market estimates. Normally, this should inject a strong dose of confidence into the market, triggering a rebound from low levels. Who would have anticipated that Federal Reserve Chairman Powell would then drop a 'bombshell' at the press conference: the interest rate cut plan for next year will be delayed.
This news was quickly captured by the 'big players' in the market, and a meticulously planned deep washout drama was immediately set in motion, with the cryptocurrency market being the first to feel the pressure. The prices plummeted like an uncontrollable waterfall, and the critical psychological barrier of one hundred thousand dollars was breached in one fell swoop. The current market situation shows that the bearish forces are like a surging tide, aggressive and unstoppable, and bullish funds will likely have to endure a brutal cleansing in this 'storm'.
From a technical perspective, the four-hour chart shows a series of closely arranged, gloomy bearish candles, like the market's silent cry, revealing immense downward pressure. The support area of the lower Bollinger Band resembles a dam that has burst, continuously widening and extending downward, with previously painstakingly constructed support levels having been ruthlessly penetrated. Although there have been occasional flickers of minor rebounds during the process, the overall trend remains firmly under the control of the bears.
In light of this, the subsequent operational strategy of positioning for high shorts is undoubtedly the 'optimal solution' at present, closely aligning with the market pulse, acting in accordance with the trend, and precisely capturing potential opportunities for downward profit.
Operational Tips:
Consider entering high shorts in Bitcoin in the range of 97400 - 98400, with a lower target looking towards 95000 - 94000;
For Ethereum, wait for a high short opportunity in the range of 3440 - 3470, with a downward target locked at 3350 - 3300.
