Bitcoin is currently in a rebound from an oversold condition, attempting to open an upward channel.
There is strong resistance at the 97,500 level above, and once broken, it will likely test the 102,000 position again.
The series of operations being conducted is aimed at testing the previous 4-hour support level at 98,000 to confirm the effectiveness of the upward channel, which has been confirmed to be a valid breakdown, thus initiating a waterfall retracement.
Returning to the upper selling pressure in the range, it seems quite strong, and tonight, it is expected that Bitcoin will find it difficult to reach the 97,000 position before further retesting the lows.
As for tonight, 96,000 could be considered for entering a short position for the first time! #圣诞行情分析
The short position suggested at 98000-98200 early yesterday morning has been held
The daily chart has already collapsed, the upward channel has been broken, and the rebound on Friday night only has 2 positions, either 98000 or 102000 until the cutoff!
This is also why we layout shorts at 98000 first, to avoid missing out on the subsequent big wave
The waterfall has a large space to fall below 90000, and Ethereum needs to drop below 3000 to around 2800
Let’s talk about altcoins, the carnival of altcoins is about to arrive, choose good quality coins, and wait until Ethereum and Bitcoin have completed the daily level central pullback before it’s almost time to ambush
You can adopt a "hold and don’t sell" strategy. When your position is stuck, as long as you haven’t sold, you cannot definitively determine that you have incurred a loss.
However, this method requires you to have sufficient funds to withstand all risks and ensure that you can endure potential market fluctuations.
Second Method: Step-by-Step Operation
You can unwind by using the "stop-loss and then add positions" strategy. First, choose to stop-loss to conclude the current losing position, and then re-enter the market when the price rebounds to a suitable level.
This method can help alleviate or compensate for the losses from unwinding.
Third Method: Decisive Stop-Loss
Taking the approach of "selling everything", quickly stop-loss to conclude your holdings.
This method is suitable for short-term speculators, as the longer you hold during a continuous decline, the greater the potential losses. By selling decisively, you can avoid larger losses resulting from further price drops.#BTC
Bao's expected number of interest rate cuts for next year has been reduced by 2 times, and the global financial market has collapsed directly
When he gave a speech at 3:30, he directly pointed out that he would not embrace the policy for encryption for the time being, causing Bitcoin to fall 5 points overnight
Back to the plate, when the expected effect is implemented, the market will slowly return to the right track when it is repairing
Although Ethereum has been reluctant to stand firm at 4,000 in this round, it will open up the upward space as this event is implemented
Although the big cake fell below 100,000, it showed a strong anti-V pattern
The support at the daily level is believed to lead the overall counterattack to 110,000 soon
As for the intraday big cake of more than 100,000, Ethereum more than 3,620
The price of the currency continues to consolidate at a high level
Especially with the sustained support from the U.S. stock market and net inflows
Affected by international geopolitical factors
Funds are all moving towards risk-averse operations
Interest rate cuts are getting closer, and the top leaders are also hoarding Ethereum
Looking back at the transformation of the 100,000 price ceiling and floor that was repeatedly mentioned last weekend, it has already risen nearly 8,000 points
As for tonight, the range of 105,000-105,800 can be a good entry point for long positions #BTC持续刷新高点