December 26th Afternoon Outlook
1. Bitcoin, expected to rise and then fall back, range 99999-96500;
2. Ethereum, expected to rise and then fall back, range 3490-3350;
Today, most Western Europe is on holiday, the U.S. markets are open as usual;
It is expected that fluctuations will be small during the daytime until 20:00, and larger fluctuations are expected to resume in the night session;
Yesterday, most Western countries were on Christmas holiday, leading to decreased market volatility, with existing funds engaging in directional trading without a clear trend;
On Tuesday, driven by favorable news (some Western countries plan to bring cryptocurrency trading activities under tax regulation), Bitcoin showed strong rebound,
It is expected that after the U.S. market opens normally tonight, it will make a directional choice regarding this favorable news,
Considering that the 100,000 mark is difficult to break through easily, the expectation for today’s trend is a rise followed by a fall.
Ethereum is expected to be weaker than Bitcoin.
Strategy —
Do not chase highs and sell lows, wait for the edges of the large range to short high and long low.