The 0.276 level below it constitutes a concentrated area of chips. If this concentrated area is effectively broken through, then once the concentrated area of chips is broken through
a short-selling strategy should be adopted immediately, and the target level can be seen at 0.235.$BTC $ETH
Insight into the situation, with countless changes at our fingertips, successfully landing is not a difficult task.
As the one-sided trend remains unchanged and tears still linger, is my current recovery still effective? Only those who deeply understand my strategy are always shadowing me.
In the afternoon, the short position I provided also gained 2500 points,
However, the market displayed a strong bearish trend, and today's movement met the expectations of the bears, continuously declining, bringing us the anticipated shorts. Therefore, next, we can short at high positions.
In terms of operation, short near 96000–96500, targeting 94800–93800.
Ethereum short near 3390–3420, targeting 3320–3290.
From the 1-hour candlestick of Bitcoin, the price dipped to the lower Bollinger Band last night and then began to rebound, moving directly along the upper Bollinger Band all the way up. It has now reached above the upper Bollinger Band, with an upward trend, constantly testing the resistance level of 100,000. However, it has not been able to break through. The overall strategy is still to look for a pullback and be bearish!
Bitcoin, short near 100,000 to 100,500, looking at 98,000
Yesterday was Christmas Eve, and the US stock market continued its slight fluctuations during the holiday break, gradually rising in the evening, reaching a peak around 99,500. What was originally a calm market experienced a significant surge, resulting in an overall rebound of nearly 6,000 points, which was beyond expectations. In yesterday's market, the daytime trading also saw back-and-forth movements, with both long and short positions achieving good profits.
It is recommended to short Bitcoin around 99,000-99,500 and look for levels around 97,000-95,000.
For Ethereum, it is suggested to short around 3,510-3,530 and look for levels around 3,400-3,300.