Crypto Circle Scholar: Ethereum Crash on 12.20! A Short Seller's Carnival Above 3700! How to Stay Calm in Panic?

　　Current price of Ethereum is 3370, and it is currently 4:30 AM Beijing time. Today is a carnival for short sellers; congratulations to everyone who shorted above 3700, you have achieved freedom this wave, and you can pop champagne this weekend. The main reasons for the market's continuous liquidation over the past two days are first, the understanding king is showing goodwill to the Dragon Country, Musk is under investigation, Powell gave a speech, and combined, it seems that capital has collectively decided to short.
　　
　　Looking at the current market, the daily K-line reached a high of 3720 and a low of 3322, with three consecutive bearish candles, directly breaking below the EMA60 trend indicator support at 3360. Currently, the K-line is standing at EMA60. The next key support to watch is 3210 and 3130 as the long position vacuum zone and reference zone. Those who are long should remember to set stop-losses; survive first before considering profits. No one in this market has lost everything due to stop-losses, but 99% of those who don't set stop-losses end up being decentralized. The MACD is shrinking downwards, and the DIF and DEA are expanding downwards from a high position, still some distance from the 0 axis; the divergence is not over yet. The lower Bollinger Band at 3465 has been lost, and the KDJ is spreading downwards, waiting for the market to enter the oversold zone before entering.
　　
　　The four-hour K-line faced resistance after retracing to 3720 and started to move downwards. The EMA trend indicator is spreading downwards, and the EMA15 has already broken below major trend indicators, reaching 3690. The MACD is continuously shrinking downwards, and the DIF and DEA are about to break below the energy indicator. The K-line is testing around the lower Bollinger Band at 3430. Long traders are advised to set stop-losses at 3320; if it breaks, you can exit and wait for key points to re-enter. Pay attention to the major support level at 3130 and the major resistance level at 3580. The idea is that the bearish trend is taking shape; don’t trade if the trend is not adjusted. After the adjustment, focus on shorting, with long positions as a supplement.
　　Short-term reference: Safety first; remember that the market is never 100%, so always set stop-losses. Safety first, small losses for big gains is the goal.
　　
　　Long position trial entry point 3220 to 3170, defense at 3130, stop-loss 50 points, target looking at 3300 to 3350, if broken, look at 3400 to 3450.
　　
　　Short position trial entry point 3550 to 3600, defense at 3650, stop-loss 50 points, target looking at 3500 to 3450, if broken, look at 3400 to 3350.

I am a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024, let’s keep it up together!
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