12.28
Live Theme: Bitcoin Daily Chart has basically reached the bottom of the range, can 92000 form a bottom again? Real-time analysis in the live room!
First of all, congratulations to everyone for securing 3000 points on the 97500 short position yesterday. Did we hit the predicted point? The major trend pressure point is around 97500. The major range bottom is around 92300.
These two points form short-term highs and lows, basically testing the bottom back and forth four times, so there is a high probability of a rebound followed by a continued decline. The hourly level indicates a bottoming pattern, which provides a trend for a rebound within the major level, so we are bullish on the small level and bearish on the large level.
The daily moving average 55 is still rising at 45°, which is a support signal, but it's only support; support does not represent trend and direction.
Ethereum is relatively strong this wave. 3300 is still the most stable support currently; whether it can break below remains to be seen, but overall it's still slightly bearish. So everyone should pay attention to the entry points when trading recently. Note the position at 3250.
Bitcoin Strategy: Enter long at 92300
Defense: 91000. Target 94800
Enter short at Bitcoin 96800: Defense 97800, Target 93500
