Christmas double bottom, be cautious when chasing the rise! 12.24 Bitcoin Aunt Si's early morning analysis
Today, the price of white interval currency fluctuated slightly, with a strong rise in the evening. Bitcoin broke the 98000 level, and Ethereum broke the 3500 level, and the short-selling strategy unfortunately hit the stop-loss! Currently, the trend has basically no retracement strength! The Christmas night bears have all been wiped out!
From a technical perspective, the daily line has three consecutive bearish candles but closed with a long lower shadow, piercing the lower track and rebounding. Structurally, the double bottom has been successfully formed, with the KDJ fast line turning upwards from a low position, and the MACD's volume also beginning to shrink. However, the three tracks of the Bollinger Bands are extending forward in parallel without closing, and it cannot be confirmed that the decline has completely stopped for the time being!
Looking at the four-hour chart, after the three tracks of the Bollinger Bands have converged, it is now also in a state of extending forward in parallel. The daily range consolidated, and in the evening, a large bullish candle pierced the middle track and rose to the upper track vicinity. Both KDJ and MACD show a golden cross trend, and based on the closing line, there is still space above!
Overall, the price of the currency has stopped falling and rebounded, with bulls strongly pushing up. The overall trend leans towards bulls, but does not rule out the possibility of bears retracing to liquidate long positions, as today's US stock market closes at two o'clock in the morning, and there may be a risk aversion selling trend. Everyone should be cautious when chasing long positions! Pay attention to the pressure levels above at 98800, 99600, 101000, and around 103000, and support levels at 96500, 95000, 93500, and 92500.
12.24 Bitcoin midnight and early morning operation strategy: Aggressive traders enter long positions on a retracement to 95500-96000, with a stop loss around 95000, targeting 97000-98000-98800 vicinity, and a breakout targeting 99600-101000 vicinity.
Short-selling strategy: Attempt to short around 98800, with a stop loss of 600 points, targeting around 98000-97500-97000-96500!
12.24 Ethereum evening and early morning operation strategy: Aggressive traders enter long positions on a retracement to around 3380-3400, with a stop loss of 50 points, targeting around 3450-3500, and a breakout targeting around 3550-3600, holding based on the situation!
Short-selling strategy: Attempt to short around 3520, with a stop loss of 40 points, targeting around 3450-3400.
Be patient for a day, but the points obtained were regrettably stopped out! Many indicators are bearish but cannot compare to the determination of the major players to liquidate short positions. This wave of rise directly broke through 98000, strongly rising by four to five thousand points. Without major positive news, it is expected to retrace to adjust the indicators. Everyone should be cautious when chasing long positions, and wait for a retracement to re-enter! #比特币市场波动观察 #圣诞行情分析 #加密市场反弹