#加密市场回调 12.20 Morning Market Overview

$BTC The morning closing was a bearish candle, which, along with yesterday's and today's bearish candles, is about to form three red soldiers; today the market continues to look bearish.

The big coin plummeted 10,000 points after Chairman Powell's speech yesterday, leaving the market in despair; after the opening of the US stock market last night, there was a brief surge, but it quickly fell back to 95,700 in the middle of the night, another drop of 7,000 points; are you afraid of such a bull market?

The big coin has retraced 17,000 points for two consecutive days, while the altcoins are in a sea of blood; if you don't understand position management, you are probably just enjoying the breeze at the top of the mountain; conversely, entering on the left side is now the last opportunity to average down at 4, whether to go all in at 4 or continue to split it into 334 for entry depends on the current market conditions.

The 4H big coin is currently in an ascending flag and descending wedge channel, with the strongest support at 94,320, and extreme support at 90,500. If the big coin stabilizes above 94K, it will gradually recover and rise; resistance levels are 100,533 and 103,519;

Yesterday, there was a net outflow of 6,730 contracts from the big coin ETF, with all institutions except BlackRock selling spot ETFs, which is a dangerous signal; this is the first net outflow in the past two months.

As Christmas and New Year's approach, let's see if there will be a wave of warming; if the market consolidates and recovers, we will have to wait until the inauguration on January 20 for a big crypto bull market; this month is a test of human nature and a time of suffering; the pain is temporary, hold tight to your chips and wait for spring to arrive.

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