Small range consolidation, intraday high position ambush to short! 12.29 Bitcoin strategy
There was not much movement on Saturday, the short-selling strategy given yesterday can still capture a small short-term opportunity! As of yesterday, the coin price has surged twice upwards, and the hourly chart shows two upward spikes. This morning, Bitcoin peaked at 95700, and Ether peaked at 3426. Currently, Bitcoin has retreated below 95000, and Ether has retreated below 3400!
From a technical perspective, after two consecutive bearish days, a small bullish candle was formed this morning on the daily chart. The Bollinger Bands have not changed much compared to yesterday, the KDJ three lines are basically in a cluster above the 20 axis, and the MACD dual lines continue to move downward, with volume gradually increasing. The daily outlook remains bearish!
Looking at the four-hour chart, the Bollinger Bands have started to narrow. The coin price is operating below the middle band, but the downward pressure from the middle band remains unchanged. Yesterday's slight rebound was hindered by the middle band, the KDJ three lines have a golden cross diverging upwards, the MACD dual lines are basically clustered at a low level, and the volume continues to shrink. In the short term, the four-hour outlook sees a potential rebound, so intraday attention should be on the resistance near the Bollinger middle band at 95700. If broken, it is expected to open up some space above, but the overall trend still looks bearish!
In summary, the coin price broke the recent low on Friday and the spot ETF market continues to see capital outflows. Therefore, intraday trading advice is to mainly focus on shorting at high positions! Key resistance levels to watch are 95700, 97000, 98500, 99500, and the 100000 mark. Support levels to watch are 93500, 92500, and 90700.
12.29 Bitcoin trading strategy: Aggressive traders enter short near 95700, conservative traders enter between 96500-97000, with a stop loss near 97800 (can be reasonably adjusted based on personal position), target around 94000-93400, and if broken, look for 93000-92500-92000.
Long trading strategy: Try going long near 93500 intraday, with a stop loss near 93000, target around 94000-94500, and if broken, look for 95000-95700.
12.29 Ether trading strategy: Enter short at 3400-3420, add positions near 3450-3480, with a stop loss near 3530, target around 3350-3300, and if broken, look for 3250-3200-3150.
Long trading strategy: Try going long near 3300, with a stop loss of 40 points, target around 3350-3400, and if broken, look for 3430-3450.
Overall, Saturday's volatility was small, and yesterday's prediction that the coin price would have a slight rebound came true as expected. Follow the strategy strictly and set stop losses to control risks! #美国加密立法或将重启