$BTC $ETH
Afternoon analysis continues:
The king's explosive market will arrive next month!
Everyone is singing their own ordinary song; who can bear a heavier chance than others? It is merely that the gentleman strives for self-improvement, and the earth holds all with virtue!
Only by improving,
Only by being wise,
Only by optimizing;
Can one achieve excellence.
Some complaints, some disturbances, some sighs of progress! 🙏🙏🙏
Returning to the market analysis:
The focus on the analysis from the day before yesterday mentioned that the second exploration needs to be completed; the purpose of the last rise was to explode the shorts. The emperor bought over 700 contracts that won’t significantly change the market, while 747 contracts can be amplified like this leading to a complete bullish state against the trend; breaking the trend requires a certain repair period, not 1-2 days, at least 1-2 weeks!
Therefore, the bearish market will remain strong until the end of the month!
Because the focus is on the liquidity issue of Christmas!
From a technical perspective:
BTC's 1-hour EMA 60-day moving average is under pressure around 96800! The gap in the 4-hour chart is still too large; the 4-hour chart must close; if it doesn't close, it won't rise! However, the current focus is on a small range waiting for the closure; there is still a significant risk of entering long positions without breaking the previous low! So, it's advisable to set a stop loss for the short position at around 1000 dollars!
However, given the current situation, one can start making strong coin investments in batches, such as ondo, which is likely to be listed on Binance's spot market next year due to its strength!
Next, my focus will be on researching BTC's second layer, preparing for the upgrade in October next year. This is a significant transformation. If you can see this post of mine, you can consider yourself one of the lucky few to be among the first tier to pay attention to the BTC second layer upgrade content!
The pattern of ETH conforms to the market trend of rising 4000 and falling back to 3000; the Ethereum chart was drawn three days ago, and everyone can refer to it. Currently, today’s high point of 3374 has appeared; if it breaks through 3400, it seems a good idea to exit! Regardless, I don't think there is a significant issue betting on a short at 3200! If it’s spot trading, I would suggest starting to enter the market after breaking the previous low; one must find a 1-hour bottom divergence to enter, which aligns with my trading logic! Add positions on further divergences! When the market shows panic, enter with low leverage contracts for speculation!
In my personal view, the various indicators in this round have not yet reached the top, and I am relatively optimistic about the bull market! Every month at the beginning, there will be a pump; as long as January does not pump and run away!
The above content is for reference only!
