Today Bitcoin Market Analysis Strategy
On weekends, one should really rest and not look at the market, but since I took a glance at the daily closing this morning, I decided to share it.
From the daily chart perspective, Bitcoin is still in a downward trend, and over the next week, it will basically be a fluctuating downward trend. Of course, with Christmas and New Year's approaching, it’s hard to say whether there will be a black swan event or positive news. However, based on current information, Bitcoin is still struggling to rise in the short term. Regardless of the four-hour timeframe or the daily closing, there is no sign of bullish dominance. Additionally, liquidity is poor during the weekend, so today’s market will mainly be characterized by fluctuations, and the weekend will offer some feeding operations.
Bitcoin BTC Short Position
Short near 98200, add positions at 98500, do not use heavy positions, use small positions.
Stop loss at 99200, take profit at 96800, the pattern can look towards 95500.
Ethereum ETH Buy on Dips
Long at 3330, add positions at 3000, do not use heavy positions, enter with small positions.
Stop loss at 3290, take profit at 3400 $BTC