12.27 After Christmas, Bitcoin bottomed out and reborn? How to operate in the short term!
Although the US stock market opened today, the market liquidity is still sluggish. At present, BTC has dropped to around 95,600 and is in a volatile situation where it can neither go up nor down. From the range of 15 minutes to 1H, the price has received support at 92,000 during the correction (15-minute closed space), but due to the sharp drop, the local trend has returned to the bearish structure. The initial rebound here has limited visible space, and there is a high probability that there will be a concomitant volatile decline. New chips will be considered after breaking the low.
The medium and short-term support is 93,000~90,000, and the alternative points for long-term short-term pins are 87,000~83,800 (1:2 hanging), and the short-term suppression is 97,500-98,000
If there is no good or bad news in the future, you can try to sell high and buy low in the range in the short term. The long-term trend is still a bull market. Don't worry if you don't make money. The bull market will mainly break out in the second half. Adjust your mentality, buy low, and wait for the wind to come.
The rise of Ethereum in the past two days is a secondary pullback (entity) of the previous M top neckline. There is a certain expected space above, but it is still within the pullback range. It is not a trend opportunity. Don't chase high. The basic trend is consistent with the prediction.
From the 4H and below levels, the suppression of the M top neckline is more obvious. Before the breakthrough, there are small opportunities for local fluctuations. The good opportunity is when the previous shadow line is filled.
Short-term support 3230-3200 (watch the market and enter and exit quickly) second support 3125~3080, short-term suppression 3440~3500.
That's all. The end of the year is approaching, and it's just a matter of time to sit on the bank and eat dirt. If you can't see the trend, you can't do well in the short term. You can pay attention to it. At this stage, a wave of trends is enough for you to fill a pit and get on the shore!
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