12.13 Morning Analysis
1. BTC faced resistance and retreated from a high of 102000 last night, currently quoted at 99500. First, from the daily closing perspective, there is a clear price barrier above, with multiple attempts to rise failing and short positions entering. In terms of indicators, they are also at the upper track, so in the short term, 102500 is the main resistance above. In the 4-hour chart, there is still an expectation of a pullback after a triangle breakout, along with a somewhat irregular head and shoulders pattern. 98500 is a key level to watch during the day, serving as the middle track pullback point, while the lower Vegas channel support is at 95500. The subsequent outlook remains for a volatile trend.
Daily Strategy
Short at 102000-103000, stop loss at 104000, take profit at 100000/99000
Long at 98500-99000, stop loss at 97800, take profit at 100000/100400/101500
2. ETH moved in tandem with BTC, rising and then retreating, currently quoted at 3875. In yesterday's analysis, it was mentioned that there would be a catching-up situation, and indeed it rebounded to around 4000, but the overall rebound was clearly weaker than BTC, and there are still no obvious structural characteristics. Yesterday's rebound price just touched the upper track of the 4-hour chart and faced resistance, currently positioned above the 30/60 MA lines on the 4-hour chart, as well as the 30-minute Vegas channel. In the short term, pay attention to the support level at 3850, and short-term long positions can be considered.
Daily Strategy
Short at 4000-4030, stop loss at 4060, take profit at 3900/3850
Long at 3840-3810, stop loss at 3760, take profit at 3900/3950/4000
3. SOL's price is at the middle track of the daily chart, MA30 line, with resistance at the upper track on the 4-hour chart causing adjustment. There is still considerable resistance in the short term. If a large influx of funds occurs, breaking through the current awkward adjustment position and stabilizing above 250 would be more promising.
Daily Strategy
Long at 223-218, stop loss at 215, take profit at 228/232
