Hello, hello! Welcome to the exclusive channel of the new crypto UP master — student Xiaobai! Here, I will provide free 'market analysis' for everyone every day. Please don't take it seriously, it's purely for entertainment (disclaimer). If there are any similarities in predictions, it is purely coincidental (dog head emoji).
Now that you are following my channel, you are the future seasoned fan! Let's embark on this wonderful journey together, progressing step by step from a novice to the peak of being a 'trading expert'! (Though that sounds a bit exaggerated, it’s good to have dreams!)
Remember, trading is just a growth journey in our lives. Don’t focus too much on gains and losses; happy trading is what matters.
Let's first look at Bitcoin's daily chart:
First closing pattern is a doji, it has dipped but still closed higher, which to some extent confirms the support at 957. Whether it can break 972 above will determine if there is still a possibility of rising in the future. Currently, the main focus is on range fluctuations, with short-term opportunities to be explored.
Looking at the 6-hour level, it is quite obvious:
It is fluctuating within this triangle, with the bottom rising and the top lowering. The latest change will happen around December 11th. Before that, long positions should be taken near the bottom of the red line and short positions at the top, with stop losses set at the line prices.
So where is the specific price range? Let's take a look at the one-hour chart and review yesterday's market analysis:
The bottom support mentioned yesterday is at 947-933. Observe the support situation for long positions, and ultimately it held at 936 and started to rise.
Now the pressure is at 963. If it breaks, look for 972, and then 977. You can raise your stop loss as it breaks upwards.
Today's best short position is at 977, with a stop loss at 983. It may not be reached; focus on the breakthrough situation at 963 and 972. If it doesn't break, go short with stop losses set at these two prices.
Now let’s look at Ethereum:
Similar to yesterday's analysis, resistance is at 3666-3681, with a high of 3673, support at 3531, and a low of 3502. It's a pity that the recommended stop loss yesterday was at 3506. Overall, both long and short positions had close to 100 points of profit.
Today's levels remain unchanged. We will observe the resistance at 3681 and 3766, and the support at 3572 and 3531. Currently, it is still mainly about fluctuations.
The trading strategy analysis for today is complete. What do you all think? Feel free to discuss in the comments. This is your little novice, providing daily free analysis (heart emoji).