12.23 Morning Share - Accurate Bottom Fishing for Rebound in the Morning
It has been said before that a rebound is not a reversal. Did it drop again over the weekend?
1. BTC Current Quote 94500. The two days of the weekend showed a fluctuating downward trend, with the daily line once again engulfing Friday evening's rebound. Pay attention to the closing situation at 94000 today. This price is near the lower Bollinger band and is also a horizontal support level. On the upside, we need to watch the resistance at MA30. The price on the 4-hour chart has been blocked by the middle Bollinger band, and the Vegas channel is also an important resistance, marking the price range of 96800-97500. Short-term focus on the 4-hour closing, looking at the rebound trend for today.
Daily Strategy
Long at 94000-93300, Stop Loss at 92500, Take Profit at 96800, 97500, 98000 (already entered)
Short at 98000-99000, Stop Loss at 100500, Take Profit at 96500, 95500, 94000
2. ETH Current Quote 3280. Slightly stronger than Bitcoin in the short term, the current price is above 3250, which is the MA60 on the daily line and a horizontal support level. There will be a rebound during the day, with the middle Bollinger band at 3360 as the first observation point. Still focus on the M head and shoulders line at the 3500 position.
Daily Strategy
Long at 3250-3200, Stop Loss at 3180, Take Profit at 3320, 3400, 3500 (already entered)
Short at 3520-3550, Stop Loss at 3610, Take Profit at 3450, 3400, 3350
3. SOL Current Quote 180. Important support at 175 below, a weekly level entry point. This week should take the lead in the rise while Bitcoin fluctuates, with 200 as key resistance. The current risk-reward ratio is appropriate.
Daily Strategy
Long at 180-175, Stop Loss at 170, Take Profit at 200, 210
