Daily Market Analysis in the Crypto Space (12.10)

Summary:

1. Currently, a total of 4 long-term short positions have been established, and with an additional Ethereum position, the long-term shorts will be fully established.

2. The positions in the copy trading system are a bit unusual, and no swing trades will be made for a while; the trend trading order points will be more extreme. Once the long-term short position in Bitcoin is closed, things should return to normal.

3. Even if the US stock market closes up today, it’s just a rebound.

4. The judgment regarding the exchange rate of Ethereum against Bitcoin is still fairly accurate; after the adjustment, there will be a second phase of upward movement.

5. Similar to the last bull market, this bull market is also likely to end in the form of a large volume pin bar.

6. Regarding the long-term cycle

7. Time will prove everything.

Operations:

1. For position $BTC , close 1/3 at 84000 for break-even, close 1/3 at 79000 and adjust the stop-loss, close fully at 74000. Observe the rebound situation around the 74000 level; it may be wise to keep a portion of the base position to continue betting downward.

2. For position $ETH 3820, place a short order. Considering the recent occurrences of stop-loss hunting, it’s advisable to split the orders to short between 3820-3880, with an average price around 3860 and a stop-loss at 3910.

3. For position $SOL , close half at 162 for break-even, and close fully at 130. Close half at 162 for break-even, and close fully at 130.