I caught the top of the big pancake short this time 😂

Bitcoin Long and Short Order Strategy Sharing (12.24)

1. Good evening everyone, I am Chen Changsheng. Let me boldly predict that the US stock market will open slightly higher, but the market should be range-bound and will not make much noise. Bitcoin has broken below the support level around 95,000 and has not been able to recover successfully. Currently, the market is still in a downtrend. The weekly K line should show a rise in the first three days. Bitcoin, after initially rebounding from the highest point near 99,500, faced resistance and fell, forming a downtrend channel. If this wave falls again, it will soon enter a triangle death cross zone. After the rebound, the decline to the second test still shows weak rebound strength. Therefore, considering that an ultimate shakeout will occur, this long position is just to see if we can catch the needle of Bitcoin's ultimate precious warehouse. Ethereum has not formed a second test pattern after the initial decline; the market feels a bit like an M-top, and the daily line is about to touch the middle track. However, it is important to note that the middle track of the daily Bollinger Bands is still in a downward shape. Therefore, currently, the market is rebounding short, and one can buy on low support. Before a strong long candle appears, it cannot be determined that the situation has reversed!

2. In terms of levels, it is recommended to short Bitcoin around 99,000-99,500 and to go long around 90,300-91,000. For Ethereum, it is suggested to short around 3,705-3,735 and go long around 3,068-3,108. Considering that the order points are quite large, the target will not be set for now. It can be determined later after entering the market. Alright, family, I wish you all a Merry Christmas in advance! I'm going to eat an apple now! 😘 $BTC $ETH