Last night was destined to be another sleepless night. According to the data, the number of people whose positions were liquidated last night reached nearly 300,000, second only to the 580,000 positions that were liquidated when the number exceeded 100,000 a few days ago. This just shows that the time to enter the market is coming soon.
Big Pie Trend
In the next two days until Christmas, the price of Bitcoin will still fluctuate downwards, and it is not ruled out that it will drop below 90,000, so those who are long can prepare to reduce their positions during the correction to prevent a liquidation. Whether it is the evening star on the daily line or the news, this wave of decline has not yet ended, and now is not a good time to buy at the bottom.
Ethereum altcoin trend
Now that Ethereum has fallen below 3400, it is really too weak. As a altcoin leader, without capital entering the market, the overall trend still follows Bitcoin. Earlier, funds flowed into Bitcoin, leading to new daily highs for Bitcoin, but it is all just draining liquidity. Once Bitcoin stabilizes and funds flow out, Ethereum will catch up, and that will be the arrival of the altcoin season.
Trading Strategy
Bitcoin rebounding and adjusting to 98000-98500 for short positions, stop loss at 100800, take profit looking down to 95000
Ethereum around 3520 for a short position, stop loss at 3600, take profit at 3350, Ethereum can be arranged a bit
