Crypto Circle Yuelin 12.25 Wednesday, Bitcoin, Ethereum Morning Strategy!

Good morning, friends in the crypto circle, I am your lucky goddess Yuelin. The recent trend of Bitcoin has seen a sharp drop of nearly 4000 points, breaking below 93000, with a low around 92500 before a rebound occurred. The subsequent market recovery and consolidation have seen prices rise over 7000 points, peaking at around 99450. Such wide-ranging fluctuations are actually quite understandable; after a price retracement, there will definitely be a consolidation phase, which is the best time for both bulls and bears to grasp.

From the daily chart perspective, the trend has shown consecutive bearish candles, and the Bollinger Bands are narrowing. The market is operating in the middle to lower band area, with both bulls and bears taking turns to exert pressure. The price is facing resistance at the middle band, and the upper resistance is slowly descending. If there is no breakthrough soon, as time goes on, the short-term oscillating market will likely be broken, and there is a risk of price retracement downwards. Various indicators are parallel, indicating that the short-term intraday market is still leaning towards oscillation. Recently, there has even been a significant drop of nearly 16,000 points, with bearish sentiment being quite strong. Currently, the trend is retracing to the lower band of the Bollinger Bands for a rebound, and while the subsequent market has a strong recovery force, the overall trend still leans downwards, and the intraday price rebound has already faced resistance. If there is no breakthrough above 100,000, it is expected that the price will continue to be under pressure and decline. Therefore, it is advised that before any breakthrough, friends in the crypto circle should refrain from chasing long positions and be cautious of further price retracement under pressure. The operational strategy should maintain high short and low long positions.

Wednesday Morning Operational Strategy:

BTC: 99000-99500 Short Target 95000

ETH: 3520-3550 Short Target 3400

The above ideas are merely Yuelin's personal operational logic and should not be taken as investment advice for anyone. They are for reference only; the market is constantly changing, and specific operations should be based on actual conditions. Data is time-sensitive. If this article has been helpful to you, following and liking is a form of support and affirmation for me. #比特币市场波动观察 $BTC