Crypto Circle Yuelin 12.23 Monday, Bitcoin, Ethereum Morning Strategy!
Good morning, crypto friends! I am your lucky goddess Yuelin. Last night, the price of Bitcoin fell again, touching the line of 94200 in the early hours before stopping. Yesterday, I provided a reference for a short position at the 97000 line, allowing for an operational space of nearly 2000 points. In the early hours, the rebound in the coin price was not strong, and it currently remains in a consolidation around the 95700 line, still showing a weak pattern.
In terms of the current trend, after two days of consolidation and repair over the weekend, the bearish pattern has not changed. Overall, it is still in a downtrend, with the oscillation space of the market somewhat shrinking. After consecutive daily declines, the high points of the coin price continue to move downwards, with no obvious signs of a bottoming out, and the pullback has not yet ended. In the short term, the weak pattern is even more apparent, showing a slow downward oscillation rhythm. Although there are intermittent rebounds, they add to the risk of further declines. If there is no sufficient momentum for a direct breakthrough recovery, we will need to rely on the assistance of secondary fluctuation spaces. On Monday morning, we will continue to focus on shorting during rebound actions in the short term!
Monday morning operational strategy:
BTC: Short around 96000, target 92000-90000
ETH: Short around 3350, target 3100-3000
The above ideas are just Yuelin's personal operating logic and should not be used as investment advice for anyone. They are for reference only. The market is ever-changing, and specific operations should be based on real-time market conditions. Data is time-sensitive. If this article is helpful to you, following and liking is your support and affirmation for me.
