December 20th Daily Summary and Early Morning Insights:
"Black Friday" indeed lived up to its reputation, with back-and-forth market movements resembling a roller coaster, leaving many to liquidate their positions, while we managed to profit from both long and short sides! First, there was a midnight washout that pushed prices down to the 100,000 mark, followed by a continuation of sideways movement until the afternoon when trading volume surged again, with the lowest point reaching around 92,200. The overall decline was over 8,000 points, and after the bottom stabilized, it rebounded, currently oscillating around 97,000. We held our positions in the morning and advised to take profits after reaching 98,000 in the afternoon, successfully pocketing this round of trading.
Today's strategy achieved over 8,000 points with 7 trades in Bitcoin and Ethereum combined! (Details as shown)
From a technical analysis perspective, the current situation remains filled with uncertainty. Although there are signs of a short-term rebound, it will likely continue to search for lower points in the future. Firstly, from a daily chart perspective, it is clearly in an adjustment cycle. The multiple bearish divergences on the daily chart make the current adjustment completely consistent with the technical trend. Additionally, the heightened risk aversion in the market due to external news impacts further complicates the situation. In this context, short-term trading should minimize frequency to avoid unnecessary losses from blind following.
Personal trading suggestions for Saturday morning:
BTC: Short near 97,500 with a target of 95,000
ETH: Short at 3,450 with a target of 3,300
Making money is not difficult; what's challenging is finding a responsible and capable guide.
This post is intended to be practical, focusing primarily on real-time guidance. To see if my trading works, just look at how many times Yuelin has successfully traded. If you find my analysis reasonable, feel free to leave a comment or like!
