12.20 Morning Analysis - Yesterday's Short Position 7000 Made a Fortune!
#BTC☀ #ETH🔥🔥🔥🔥
As expected, the market responded with a crash. The short positions given in the square yesterday made a fortune. Can we bottom fish now? No, we haven't reached our target yet. I still believe this drop is the largest correction in this round, and the target position can be checked in yesterday's morning analysis.
1. BTC Current Price 97200. After the market crashed to 99000 yesterday morning, it rebounded to 102500 in the afternoon. At first glance, it seems strong, but it's actually just bluffing. After the U.S. stock market opened in the evening, it fell all the way down, which was expected. The short position gained 7000 points. Looking at the chart, both large and small levels show a bearish trend. The daily MA30 has broken below for the first time since it broke 60000. The middle line of the daily BOLL has been broken and we need to pay attention to the demand for the lower line. 94000 is a strong support that has been effectively tested multiple times recently. I personally judge there will be some demand, but it will definitely break down later. In the 1-hour chart, the rebound is very weak, and those who are bottom fishing in the market have already been trapped. We need to pay attention to the 4-hour close; the rebound is still the first choice for shorting.
Daily Strategy
98500-99500 Short Stop Loss 101000 Take Profit 95500/94000/91000
93700-93000 Short-term Long Stop Loss 92500 Take Profit 95000/97000
2. ETH Current Price 3400. During the adjustment process, Ethereum has been the weakest rebound coin, dropping very quickly. As mentioned in yesterday's analysis and live broadcast, the short-term support is 3500, and breaking it will accelerate the drop. Sure enough, it fell by 10% overnight. From the chart, the daily M head has broken the neck line, and the 1-hour chart has no structural characteristics, indicating a continuation of the bearish trend. The key support below is 3250, which is also the position of the daily MA60 moving average. The neck line position above is 3500.
Daily Strategy
3550-3500 Short Stop Loss 3620 Take Profit 3350/3250
3260-3230 Short-term Long Stop Loss 3190 Take Profit 3350/3450
3. SOL Current Price 195. This coin has been mentioned multiple times in recent live broadcasts, and it is one that I am focusing on and planning to bottom fish. It is still in a downward channel trend, with an expectation of a three-push trend. However, considering that the target point 192 has been broken, we need to pay attention to the support situation here. If it does not break the low and adjusts, we can consider entering a position.
Every night on Tencent Meeting live broadcast, interested friends are welcome to bring your coins and interact with me in the meeting. 952-628-5450
