Daily Market Analysis of the Crypto Circle (12.29)
Summary:
BTC is in a downward continuation pattern, and the internal 30-minute trading has almost finished. We need to continue a 4-hour rebound to create a wide range bracket. The rebound is expected to reach the range of 99500-102000. However, the overall daily line has not finished its decline and will continue to break new lows. This viewpoint remains unchanged. The movement from 108300-92200 is a 4-hour downward structure. Currently, we are in a 4-hour rebound structure, where the internal 30-minute is constructing a consolidation center. Once this rebound structure is completed, there will be another 4-hour downward structure to break the low of 92200, thus completing the entire daily downward structure. One point to note is that after breaking the new low, Bitcoin can still rise above 100k. In fact, even if it rises to above 100k, as long as it does not break the historical high of 108400, there is still a possibility of an internal 4-hour range bracket, and it will continue to create lower lows. This is something everyone needs to pay attention to. There are only two ranges for the correction bottom: 87000-89000 is the first range, and 77000-80000 is the second range. Do not start laying out spot positions until reaching these two ranges. In the first range, you can buy a little, and in the second range, you can buy heavily.
Operations:
$BTC , Long at 92850-91500, Stop loss at 89000, Take profit at 99500, 102000
$ETH , Long at 3330-3235, Stop loss at 3090, Take profit at 3640, 3820
$SOL , Long at 187.7, Stop loss at 170, Take profit at 210, 238