As expected, a decline, short-term long positions exit! 12.26 Bitcoin midnight strategy

The day’s short selling strategy has been validated again, and before the evening U.S. stock market opens, this wave of bottom-fishing long positions has been publicly provided across the internet, which has also been validated! After the cryptocurrency price broke through 96,000, the U.S. stock market opened lower, and the cryptocurrency price retraced. It has currently rebounded above 96,000 again!

Currently, the U.S. stock market opened lower and is slightly rebounding. Recent funds in the spot ETF market are gradually withdrawing. Today’s situation is worse, as the European Union issued a statement announcing that starting from December 30, 2024, all cryptocurrency trading platforms operating within the EU will stop providing trading services for the USDT stablecoin issued by Tether.

This move may mean that cryptocurrency trading will be heavily obstructed. Of course, Tether has previously issued additional coins with corresponding U.S. dollar reserves deposited in banks, but there have always been doubts in the market about whether Tether truly holds the corresponding U.S. dollar reserves. Although Tether regularly releases audit reports, the detail and independence of these reports are often criticized.

In light of this explosive event, it may help in harvesting long positions, so Conan remains relatively optimistic about short positions. Everyone should be cautious about bottom-fishing and going long. I believe this wave of decline has not yet reached its target, so for the midnight operations, Conan suggests focusing on shorting from high positions! Pay attention to the resistance levels at 97,300, 99,200, the 100,000 mark, 101,000, 102,000, and around 103,000. Support levels to watch are 95,000, 93,500, 92,500, and 90,700.

12.26 Bitcoin midnight operational strategy: Aggressive traders enter short at 97,000-97,500, conservative traders enter at 98,000-98,500, with a stop loss around 99,200 (can be reasonably adjusted based on personal position). The target looks at around 96,000-95,500-95,000, with breakdown points at around 94,000-93,500-93,000-92,500.

12.26 Ethereum midnight operational strategy: Short at 3,400-3,450, add positions near 3,500, with a stop loss around 3,550, targeting around 3,350-3,300, with breakdown points at around 3,250-3,200-3,150.

The impact of the broader environment is particularly important. Major benefits are expected to wait for a series of favorable policies signed after Trump takes office. This EU crackdown may mostly be withdrawn. Everyone should be cautious about going long. Friends who follow today’s long strategy can gradually move their stop-loss to protect profits, preventing downside breakouts! Wait for the opportunity to enter short!