$BTC $ETH

Midday Analysis:

Christmas Eve + Christmas; is it true peace, or was it a double kill last night? At a critical moment, everyone has turned to bright golden water, otherwise it will be confusing later!

Last night at midnight, I emphasized a key point—those who want to be optimistic can try to go long at a lower level, the zero axis has formed with Ethereum, and BTC is on the way; indeed, ETH is stronger while BTC has weakened!

This is the first time in six days that I have called off the short position on Ethereum. I reminded everyone yesterday that around 3200, they can take a 30% position in spot, which is the kind of opportunity where you can't lose or be fooled. Even though everyone knows that Ethereum at 3000 is very cheap, everyone will want to buy because too many people won't choose Bitcoin, which doesn't have much cost-effectiveness! However, will Ethereum be harder to rise further? The answer is definitely yes. Holding Ethereum at around 3000 requires more patience, but just don't take a high position! Because of the weekly level pullback, no matter how it rises, there will still be room for decline. This is very likely, but we can't overlook the small probabilities either. It’s not wrong to choose lower-risk options to capture larger range profits!

Based on the layout of the short position on Ethereum futures, we can try to go long first, because the daily zero axis we talked about last night will have a rebound, so this rebound can certainly be taken advantage of! The reason for temporarily abandoning the short position is also twofold: the 5-7 day moving average on the daily chart is relatively strong, consistently resting in the upper region! Additionally, the daily chart is starting to show signs of a golden cross, so there isn’t much space left to continue shorting. As I mentioned yesterday, I believe there should be preparations for the 4th time above 4000!

The adjustment of BTC seems not to be completely over yet, mainly because the Bollinger Bands at the 4-hour level are not breaking upward, staying in the lower channel. Without breaking through the middle track, the 4-hour double test looks okay, but there is no strong upward attack, indicating insufficient trading volume. After all, the ETF data shows that Ethereum is genuinely bought much more than Bitcoin, with 126 million dollars!

So, next, the second coin is strong, and the first coin is weak, which is normal, right? After all, the trading volume is there?

So will it fall further?

So many people want to buy in at 2800, but it won't be that fast. First up, then down, luring some people to buy in at 34-35, trapping them before it falls! The MACD on the 3-day line has shown its first red bar. Therefore, there is still room for decline.