❗❗❗ Cryptocurrency Market Analysis and Outlook
Macroeconomic Situation
1. This week is the Christmas holiday in Europe and America, with fewer data points. Investors often hold coins for the holidays, leading to short-term selling and capital outflows, posing volatility risks.
2. Some tokens such as ENA, ADA, IMX, and DBX are unlocking, so risk should be noted.
3. Top trader Eugene is optimistic about long-term opportunities in MOODENG, CHILLGUY, PNUT, and GOAT, as Trump's victory supports cryptocurrency; oversold coins can be monitored.
4. A U.S. senator proposed that the Federal Reserve hold Bitcoin, and recently many have supported BTC as a strategic reserve, which is beneficial for the popularization and development of BTC.
5. The BTC spot ETF has seen capital outflows for two consecutive days, with short-term bulls facing technical adjustments and challenges from capital outflows.
Technical Trends
1. The weekly chart shows a large bearish candlestick, forming an engulfing pattern, with a bearish technical bias; watch the Fibonacci 0.382 upward trend line, overall wide fluctuations.
2. If a short-term rebound is blocked at the lower channel line, a bearish head and shoulders pattern may form.
3. In wave theory, pay attention to the height of the B wave rebound (lower channel line); if blocked, the C wave may decline, presenting a high short opportunity.
4. In terms of chips, high positions are concentrated at the potential high point of the B wave (lower channel line), which has pressure; the lower level of 87000 is an important defense for the bulls, and a breakdown may lead to a deep correction.
5. In the 4H chart, resistance is at the EMA moving average, Gann angle line 4/1, and the rebound high point resonance; support is at previous low points and the Gann angle line 2/1 reverse support.
6. The 1H chart previously showed a head and shoulders bottom, but the rebound is suppressed by the descending trend line; however, the long lower shadow doji and hammer candlestick form a double bottom probe, favoring a short-term bullish rebound.
The market has risks; trading requires caution, and proper position and risk management should be maintained.
Recently, I plan to lay low on a potential coin that is ready to surge; doubling is quite simple, and I am also looking for some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to follow along, look for me, leave a message, follow, and like, Gold. Skirt
