$BTC
Dabing analysis today!
I have been doing copycat trading during this period, and I have not traded Dabing, so I have not released the analysis.
Dabing started to fall from December 18 to the lowest level of 92,000. After the sharp drop on the 20th, it rebounded and closed positive. It has been fluctuating downward in the past two days. In the figure below, you can see that 92,000 is used as a large-scale support in the near future. The top is gradually getting higher and the trend is still upward.
I am still bullish, but I think the pullback is not strong enough, because the daily K has more negatives than positives. The rebound after the decline from 108,000 to 92,000 is weak, or the bulls are unstable. I have also said before that a bull with a certain pullback is a healthy bull. Dabing allows a violent rebound to the range of 90,000 and 91,000.
Special explanation:
Yesterday, Ethereum outperformed Bitcoin (Bitcoin outflow on December 23, while Ethereum inflow was 130 million). This is a very good signal. Bitcoin is still at a high level. Ethereum took over the funds to lead the recovery of the altcoin. Only in this way can the market recover. Otherwise, it would be meaningless if Bitcoin was the only one entertaining itself. For spot trading, it is recommended to rush to buy Bitcoin and the altcoins that recover quickly.
However, tomorrow is Christmas, and you can wait and see for a day.
Personal situation:
I still hold the long positions of Sol and Shin and the short positions of Steem that I called out in the post two days ago. Please pay more attention to the post updates.
Fans who have eaten meat with me, please like it, thank you for your support!
