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Last night, the market experienced violent fluctuations, and more than one million people were forced to stop losses. Last night's event can be said to be an unexpected market shock. At the last meeting of the Federal Reserve at the end of the year, Powell unexpectedly released hawkish signals and even mentioned his distrust of Bitcoin. This is undoubtedly a major negative for the market. As a result, the U.S. stock market, the cryptocurrency circle, and the gold market have all suffered heavy losses.
Under the influence of such policies, even the most solid technical support may be broken. In last night's article, we mentioned that the right shoulder pattern of Bitcoin at the one-hour level has been formed, and the market trend is as expected. At the same time, we also said that once Ethereum falls below 3750, it will fall further, and the market has indeed performed in this way.
In the face of the current unfavorable pattern, we need to reconsider our strategy. The previous support level may now become a resistance level. If Bitcoin cannot rebound to above 103,000, then a moderate high-altitude strategy can be considered. If the rebound is weak, then the pressure level around 1036 may be enough. As for going long, you may have to wait a while, such as when the price pulls back to 940,000 or 90,000, such a position may be more secure.
Remember, the market is always full of variables, be ready to adjust your strategy at any time, 🎢🎢🕹🕹#热门话题 #比特币战略储备 #决议 #加密市场回调 #BTC☀ $BTC $ETH $XRP
Under the influence of such policies, even the most solid technical support may be broken. In last night's article, we mentioned that the right shoulder pattern of Bitcoin at the one-hour level has been formed, and the market trend is as expected. At the same time, we also said that once Ethereum falls below 3750, it will fall further, and the market has indeed performed in this way.
In the face of the current unfavorable pattern, we need to reconsider our strategy. The previous support level may now become a resistance level. If Bitcoin cannot rebound to above 103,000, then a moderate high-altitude strategy can be considered. If the rebound is weak, then the pressure level around 1036 may be enough. As for going long, you may have to wait a while, such as when the price pulls back to 940,000 or 90,000, such a position may be more secure.
Remember, the market is always full of variables, be ready to adjust your strategy at any time, 🎢🎢🕹🕹#热门话题 #比特币战略储备 #决议 #加密市场回调 #BTC☀ $BTC $ETH $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
98,225.62
+0.05%
ETH
3,659.05
+1.41%
XRP
2.4221
-1.36%
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