24-12-31-7:50PM
Previous Situation Review
Yesterday, we entered a long position on Bitcoin at a low of 91582, with a take profit at 94000 and a stop loss at 90479. At 11 PM, the entry was successful and started to rebound, reaching our take profit point of 94000 by 1 AM, where friends who operated successfully profited 2500 points. This can be verified in the previous article, so I won't elaborate further!
BTC 4-Hour Daily Strategy Trend Analysis
Currently, Bitcoin does not have a stable state after touching the Fibonacci support near 91582, and there has been no reduction in volume, remaining in an increasing volume state. This means that Bitcoin is still in a state of intense bullish and bearish activity; a decrease in volume is a signal for a halt in decline, but the large-scale candlestick patterns do not indicate this, making long positions highly risky. Additionally, from a fundamental perspective, market liquidity is gradually deteriorating, and most people are beginning to choose to wait and see. There is heavy resistance above at 95000, which is a strong pressure point, so we will adopt a high short strategy. Before the market pattern breaks out, we can only preliminarily set resistance as entry points; we will need the market to develop further in other dimensions.
Previous Situation Review
Yesterday's Ethereum strategy did not work, so it was ineffective.
ETH 4-Hour Daily Strategy Trend Analysis
Ethereum still maintains a strong price around 3350. From the volume perspective, each time Ethereum increases in volume, it has not been able to break through the previous high, indicating that buying power is gradually weakening. Trading volume is the fundamental reason for the rise and fall of cryptocurrencies; whether capital inflow is sustainable or if it is a temporary influx followed by withdrawal, leading to a sell-off. Currently, from the volume SKDJ and candlestick patterns, there is a subconscious presence of this, so we will adopt a high short strategy with strong resistance at 3418. Before the market pattern breaks out, we can only preliminarily set resistance as entry points; we will need the market to develop further in other dimensions.
Daily Strategy
Direction: Short
BTC
B: 95000
T: 93000-91000
S: 95663
ETH
B: 3418
T: 3334-3282
S: 3437
#MicroStrategy增持BTC $BTC
$ETH