Bitcoin market analysis: it hasn't hit the bottom yet, but those looking to buy the dip can start entering their positions. In the last article, we discussed that the downward trend on the daily chart is not easily reversed; a rebound is not a reversal. Today, the bears are reaping the rewards.
Tomorrow is Christmas Eve and Christmas Day, and in China, the end of the year is approaching. The market liquidity is sluggish, and the trend is mainly characterized by oscillating downward adjustments.
The Bitcoin trend published at six o'clock this afternoon has successfully dropped below 2000 points. The average price for the short positions is 94800, while the brothers in the group have an average price around 955, successfully profiting. The group is currently providing free exchanges and discussions; brothers are welcome to join.
BTC
Bitcoin evening update
Short positions around the rebound at 94000-94500, watch for 92000, stop loss at 95800.
ETH
Ethereum, enter positions in batches at 3150-3060 for long positions, stop loss at 3000, take profit at 3450.