Let's talk about the market of Bitcoin and Ethereum:
Today is Christmas Eve and Christmas, let's see if this market is really peaceful, or will it have a 'double kill' like last night? At a critical moment, everyone has to show their true skills and reveal their cards, or else it will be confusing later!
Last night's trend, the key point is — those who want to buy can try buying at a low price, the zero-axis of Ethereum has already formed, while Bitcoin is still on the way. Indeed, Ethereum is stronger, while Bitcoin seems to be weakening a bit.
This is the first time in 6 days that I am telling everyone not to short Ethereum. Yesterday I already reminded everyone that you can buy some spot near 3200, taking a 30% position. This kind of opportunity is definitely not a loss.
Everyone knows that Ethereum at 3000 is very cheap and will go to buy it because too many people can't choose Bitcoin, thinking it’s not precise enough. So why is Ethereum so cheap but hard to rise?
The answer is simple: you need to have the patience to hold it, and don’t take too high a position. Because the weekly level of adjustment, no matter how it rises, there is still downward space, this is very likely to happen. But we can't miss small probabilities either, so it's correct to choose low-risk to take on larger range profits!
Based on the contract's Ethereum short layout, you can try buying low first because the daily zero-axis I mentioned last night will have a rebound, and we must seize this rebound! Why are we temporarily not shorting?
There are two reasons: first, the daily MA's 5-7 day moving average trend is quite strong, always staying above;
Second, the daily line is starting to want a golden cross, and the space for further shorts is not large. As I said yesterday, friends who believe Ethereum can still rise to 4000+ should prepare a bit!
The adjustment of Bitcoin is obviously not over. The main issue is that the 4-hour level is not able to break through the closing, stuck in a downward channel. No break, no stand; it’s still difficult on the middle track. The second probe of the 4-hour looks fine, but without strong upward attack, it indicates insufficient trading volume. After all, ETF data shows that the buying volume of Ethereum is much higher than that of Bitcoin, reaching 126 million! So, next Ethereum will be strong while Bitcoin weak, this is also normal. After all, the trading volume is there!
Will it drop again?
So many people entered around 2800, it won't drop so quickly. It is estimated that it will rise first, then drop, luring some people to enter around 34-35, trapping them before it drops again! The MACD of the 3-day line has already formed the first red bar. So, we still need to wait and see for the drop.
For the upcoming layout direction, I will lead everyone to aim for the lucrative opportunities in imitation projects, especially those with great potential, with an expected space of over 10 times is no problem.
To make big money in a bull market, like + leave a message, I'll help you layout the entire bull market.
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