Cryptocurrency Circle Yuelin 12.19 Thursday, Bitcoin, Ethereum Morning Strategy!
Good morning, friends in the cryptocurrency circle, I am your lucky goddess Yuelin. We never lack opportunities, what we lack is sharp insight into opportunities, accurate judgment, brave attempts, perseverance, and unwavering confidence. Success begins with self-trust. The market from midnight to dawn has experienced significant fluctuations due to the influence of the Federal Reserve's interest rate cut news. The overall trend shows a pattern of rising first and then falling back, with Bitcoin initially rebounding to a high point of 104,959 at midnight, followed by a rapid decline in a volatile manner, dropping to 100,301 at dawn. A decline of nearly 5,000 points. Ethereum followed the same rhythm, rebounding to a high point of 3,908 at midnight, then coming under pressure and quickly retreating to the current low point of 3,634.
From the current market situation, the daily structure is entering a correction phase. The depth of the correction is significant. This pullback is influenced by news, which can only affect the short term and not the main trend's movement; ultimately, it will return to technical patterns. On the four-hour level, after being pressured at the upper Bollinger Band, it broke through the middle band and closed below the lower band, breaking the strong upward pattern relying on the middle band. Meanwhile, after the second wave of upward space has been released, it has shown a pattern of rising and then falling back, breaking the strong trend in the short term. This pullback does not indicate a trend reversal; it is still a correction that builds momentum, and the next surge will revisit previous highs. Currently, it is still too early to talk about a market reversal; during the previous rise, there was no substantial correction, and the local pullback has already been significant, so there is still good upward space for bulls in the future.
Thursday morning operation strategy:
BTC: Buy around 10,000, target 102,000
ETH: Buy around 3,630, target 3,750
The above ideas are just Yuelin's personal operational logic and should not be considered as investment advice for anyone. They are for reference only; the market situation changes rapidly, and specific operations should be based on real-time conditions. Data is time-sensitive. If this article is helpful to you, following and liking it is your support and affirmation of me.
