The Bitcoin/Ethereum long trend has been validated again

Analyst Liang Qiu: Bitcoin/Ethereum Market Remains High on December 15, What’s the Intention?

The Bitcoin/Ethereum market has been fluctuating at high levels multiple times in recent days. Our strategy of first going short and then long has continued to yield profits. Initially, we entered short positions at high levels of 102500 and 3940 in the morning yesterday. Later in the evening, we took profits on the short positions and entered long positions from 100500 to 101000 and from 3820 to 3850, as the market surged again, filling the overall space completely. In previous articles, I have repeatedly emphasized that the overall market is still in a bullish trend. The MA moving average indicators show an upward arrangement. As long as the support below does not break, there is still room for further upward movement in the market.

From the perspective of the four-hour and daily levels, the market has not effectively broken below the support after multiple dips. This buildup followed by a surge will be even stronger. The lower lows are continuously rising, especially for Bitcoin. The focus should be on the 99500 level moving forward, which has been emphasized multiple times in recent days. For Ethereum, attention should be paid to the 3800 level and its subsequent performance. However, the market is still in a fluctuating pattern during the weekend, so we patiently wait for a new round of market movements after the weekly close. In a bull market, it doesn’t mean a continuous one-sided movement, especially during this stage of hitting new highs. A pullback to test the bottom support before building up to surge is a necessary adjustment for structural repair. Let’s take a look at the current Bitcoin market. After the previous breakout and rise, the top and bottom have started to convert. Currently, the area around 99500 is a strong support zone, so we can gradually build long positions above this low point.

In terms of operations, enter long positions for Bitcoin around 100600 to 101200, with a target near 102800; for Ethereum, enter long positions around 3810 to 3840, with a target near 3920. The current market wave is the main focus, and the content is effective, subject to real-time guidance. #纳斯达克100指数宣布纳入微策略