Coin Circle Yuelin 12.23 Monday, Bitcoin, Ethereum Afternoon Strategy!
Hello, friends in the cryptocurrency community, good afternoon. I am your lucky goddess Yuelin. The price has rebounded after hitting a low in the morning, with the lowest price dropping to the 93655 line before stopping the decline and rebounding. The highest price of the day reached the 96488 line before experiencing a slight pullback again. The market throughout the day has shown a back-and-forth tug-of-war as the main rhythm. As for Ethereum, it experienced a step-down in the early morning, with the lowest price retracting to the 3219 low line. Subsequently, the price began to fluctuate. In the afternoon, the price surged to the 3362 line before starting to encounter pressure and retreating. We set up a short position in the morning 🥚 and gained over 3000 points!
The current market trend is still relatively weak. From the four-hour chart, the market is still in a weak retracement trend. The resistance at the middle track of the Bollinger Bands is quite strong, and several attempts have not led to a substantial breakthrough. The support level is at the 93000 line. The two rounds of touching the bottom in the morning were both pushed back. The continuation of the trend is also relatively weak. The daily chart shows a doji star structure. The upper and lower shadows are long, indicating a relatively balanced bullish and bearish momentum. In the afternoon, we will still maintain a low long position. Seize every opportunity to enter the market.
Monday Afternoon Operation Strategy:
BTC: 94000-94500 Long, Target 96500
ETC: 3250 Long, Target 3350
Of course, technical indicators are just a reference. If you don’t have a direction, remember to follow Yuelin and keep pace with me. Yuelin may not ensure you a hundred victories, but she can certainly help you avoid losses and take fewer detours!
