The market has indeed reversed into a correction, and the rebound from overselling ended a bit quickly. Yesterday I reminded that apart from those buying the dip, it’s possible to continue reducing positions. I wonder if everyone executed that; on the contrary, I haven’t had the chance to reduce my positions, and then the market turned downward. However, the sharp drop the day before yesterday is basically a phase bottom, and even if there’s a correction ahead, the likelihood of breaking lower is not high.
Generally speaking, such a panic-driven sharp decline has a significant destructive impact on market sentiment and investment confidence, so it’s reasonable to expect a period of repair and adjustment. But I also mentioned that the low point from the day before yesterday is essentially a phase low, and it is likely to oscillate and test support strength multiple times; the probability of breaking lower is low, so it’s possible to place orders near the low.
Overall, there’s no need to panic now; the bull market is definitely still on, especially since the interest rate cut cycle has started, and Trump hasn’t even taken office yet. This wave of sharp decline is partly because of excessive previous gains and can also be understood as the end of the FOMO sentiment surrounding Trump’s presidency. Next, we’ll look at specific policies and changes in capital flow. This wave of decline is what many people have expected; since it’s happened, there’s no need to panic.
As for the market, the next trend is likely to be oscillating, and it will probably test the lows, such as ETH at $3100, BTC at $90,000, and others are similar. The highs should refer to the rebound highs from yesterday and the starting points of the declines; check specific cryptocurrencies with candlestick charts. In reality, it’s a suitable time to rest; if you want to operate, mainly consider doing some swing trading.
Is this your mouth? It's simply a complete mess! No elastic band? Spraying out all the bad stuff from your mouth 😂 I'm about to die of laughter 🤣 Just open your mouth about those points, I'm really impressed. Don't embarrass yourself and mislead others. There are actually people replying to your comments. My stomach hurts, I'm dying of laughter 🤣
LIVE
卢姥爷
--
Bullish
Good evening everyone. Have a great weekend. Today's evening report is here.
Recently on business trips, updates will be much less. Hope for your understanding. The daily morning and evening reports will not be missed. The morning position is still relatively stable. No recommendations for empty positions at the end. Please be patient and read on. If you haven't followed yet, please leave a free follow. Thank you all.
$BTC Bitcoin is trying to reach 100,000 today, just a breath away. The resistance levels above are 98,300, 99,000, 99,500, 100,000, 101,000, 102,000, 103,500, 105,000, 106,500, 108,000. The support levels below are 97,666, 97,000, 96,300, 95,555, 95,000, 94,000, 92,800, 91,800, 91,000, 90,000. The points have been relatively similar over the past month. Just going through the motions. What everyone hopes to see are the direction and entry points at the end, haha. Do more trades yourself. If the resistance level is weak and can't break through, decisively go short. Set a stop loss at the next resistance level or the second resistance level. If the support level breaks down, take profit in time. The same goes for going long.
$ETH Ethereum has rebounded up by 400 points. To me, it is still weak. Once it truly rallies, it can quickly reach 4,000. Please be patient. The resistance levels above are 3,470, 3,500, 3,550, 3,600, 3,630, 3,660, 3,700, around 3,750. The support levels below are 3,435, 3,400, 3,370, 3,345, 3,315, 3,280, 3,250, around 3,200.
$SOL The short-term target around 200 has been reached. Based on the market, it's better to hold on.
Evening thought summary: The low long-term position should not change in the short term. If it changes, I will publish an article. For those with empty positions, take a look. For Bitcoin, go long around 97,000, with a stop loss at 95,000-95,500. The first take profit target is around 100,000. If it breaks through, just hold on. For Ethereum, go long around 3,380-3,400, with a stop loss at 3,350-3,335. Take profit first around 3,550. There are no good positions for SOL. If you have an empty position, don't enter. If anyone has questions, feel free to leave a message. Have fun this weekend.
Completed 3800 has become a resistance level again. This heart today, wow, so cool 🤪
LIVE
金融小奶鳄
--
Ethereum price drops 5%: a pullback or the beginning of a larger decline?
The price of Ethereum started to drop significantly below $3,880. ETH has fallen over 5% and shows bearish signs below $3,680. Ethereum broke below the $3,800 region and began to decline again. The price is below $3,680 and the 100-hour simple moving average. A new connecting bearish trend line has formed on the hourly chart of ETH/USD, with resistance at $3,800 (data provided by Kraken). If the currency pair fails to maintain above the support area of $3,550, it may continue to decline. The price of Ethereum fell below $3,800
On 24/12/19, the big players indeed replicated the 2023 playbook. BTC's decline has just begun; ambush the 2025 Spring Festival red envelope market!
On 24/12/19, the big players indeed replicated the 2023 playbook. BTC's decline has just begun; ambush the 2025 Spring Festival red envelope market!
The Federal Reserve cut interest rates by 25 basis points, marking the third consecutive rate cut, in line with expectations.
The Federal Reserve's dot plot shows two rate cuts expected in 2025. (Four were expected in September). Whether the good news turns into bad or the expected rate cuts decrease next year, the big players have actually exited early. After reaching a new high, the market didn't show significant fluctuations, indicating that the big players ran ahead. Yesterday, it was analyzed that funds continued to flow in, but the price increase was not very strong. On the 16th, it was also said that the price must significantly deviate from the current level, so caution is needed.
Just open your mouth, how much will it drop? 50,000 30,000 15,000 Will you get on the bus, you big foolish 'chives'? Are you here to be funny? I guess even if it drops to 10,000, you wouldn't dare to buy. A real 'chive', haha 😊
LIVE
一鸣的交易日记
--
December 19th Market Analysis
Current Situation: ETH has already fallen below the daily life line, and BTC may fall a day later. There’s no question of whether it will happen. Falling below the daily life line can declare the end of the upward trend, which started in October 2022. The depth and duration of this adjustment will be much greater than in March of this year.
When a downward trend is forming, don’t focus on support; there will only be pauses at the weekly and monthly life line positions, while other supports will be ineffective. It’s the same as with upward trends: during an upward trend, don’t look for resistance; resistance is meant to be broken. During a downward trend, don’t look for support; support is meant to be broken.
A foolish thing that talks without thinking. Are you dreaming of waiting for the big pie to drop to 50,000 to get on the bus? Leeks 😅
LIVE
PhyrexNi
--
After the election, the second gap of#BTCappeared, between $102,670 and $105,230. Since 2021, BTC has had four gaps, namely:
A. $9,300 to $9,500 B. $20,400 to $21,000 C. $77,930 to $80,670 D. $102,670 to $105,230
So far,#ETHhas two gaps, also starting in 2021, namely:
A. $1,436 to $1,525 B. $3,015 to $3,030
The theory of filling the gap has been around for so long. Although I have done statistics and the probability of filling it within three years is about 95%, filling the gap is still a mystery. You must not define price changes according to the gap.
$ETH The original ladder has been upgraded to a red-green ladder suitable for cryptocurrency indicators. The green ladder builds positions downwards, and the larger the opening at the top of the green ladder, the more it rises.
Currently observing long-term, and the short-term has already crossed the red ladder; it is recommended to build positions in small amounts.
It is clear that the current focus is not on the big pie, pay attention to Ethereum.
LIVE
毕盛-毕诸葛
--
Bitcoin Conscience Bar, a few days ago it fell back, constantly emphasizing that even if 104,000 will be the recent high point, there will definitely be a 'double top' to make retail investors flee. Unknowingly, Bitcoin is approaching 104,000 again. Whether it’s a double top or a breakout will depend on the next two days. If it doesn’t break through, it will be quite awkward! If it breaks through, then we’ll see 120,000-130,000. In fact, technical indicators only suggest a small cycle, the higher it goes, the greater the risk becomes, and in the later stages, one must tread carefully. But in the long run, it can be ignored. Holding until March to May next year might yield unexpected gains $BNB
She started playing this in mid-November, actually didn't understand anything, just played some contracts, earned a little pocket money, and felt pretty good hehe hehe hehe
3700 has no pressure at all, breaking 3800 and stabilizing to impact 4000.
LIVE
币圈院士
--
Bullish
Cryptocurrency Scholar: The rotation of the Ethereum sector has begun on December 1st, the bullish trend is gaining momentum again, and the future rise is limitless!
The current price of Ethereum is 3697, it is now 4:15 AM Beijing time. Yesterday, Ethereum 3550 effectively reminded everyone to get on board, with a target of ultimately 3700. How much profit did you secure from this 150-point gain? The sector rotation is not over yet, don't rush to exit completely; keep a portion of your base position to continue looking upwards. Newcomers may not know the power of sector rotation, but as an old hand in the cryptocurrency field, I have a deep understanding that this is not just an opportunity to turn things around, but a chance for a leap forward.
The daily K-line has a maximum of 3727 and a minimum of 3567, once again leading the cryptocurrency market. The EMA trend indicator for bulls is starting to open up, and the EMA15 has already reached 3390. The MACD is increasing in volume, with DIF and DEA spreading and stretching at a high level. The K-line has broken the upper Bollinger Band at 3705, oscillating upwards around the upper band. The KDJ shows a bullish trend, with an overall bullish trend in the ladder volume.
The neckline position of the four-hour K-line remains at 3530, but the short-term support EMA15 has reached 3630. The flag pattern indicator has also changed, and the embryonic form of the ascending triangle trend has already appeared. As the MACD increases in volume, both DIF and DEA are consolidating at a high level, and the top divergence trend is becoming increasingly serious. The Bollinger Band is contracting, and the upper band has also lost support at 3710, with the middle band support stretching to 3615 and the lower band support at 3525. The mindset remains a bullish trend, plus the sector rotation has just begun, so the main focus should be on buying on dips, and try to minimize short positions. Develop the habit of using stop-losses.
Short-term reference: Safety first; remember that market conditions are never 100% certain, so always use stop-losses. Safety first, small losses for big gains is the goal.
For the upper range of 3800 to 3850 short, with a stop at 3900 to 3950, stop-loss 50 points, target looking at 3700 to 3600, if broken look at 3500 to 3450.
For the lower range of 3500 to 3550 long, with a stop at 3400 to 3450, stop-loss 50 points, target looking at 3600 to 3650, if broken look at 3700 to 3750.
Don't forget, the darkest moment is often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.
I am a warrior in the cryptocurrency field, always protecting the retail investors. I wish my fans to achieve financial freedom in 2024, let’s work hard together!
Your name determines your limit. ETH holds steady at 3600, aiming to see 3800 or even attack the 4000 mark. Still shouting bearish here, your pants are about to be pulled over your head.
LIVE
广东茂名猪头
--
Bearish
Don't panic if you hold short positions in Ethereum and Bitcoin, as this is clearly a manipulation to lure in buyers at high levels to distribute chips for harvesting and make retail investors chase the highs. The market will change in the next few days, with Bitcoin expected to see levels between 88500-90200, because it won't go up past 100000. Don't hold on to the illusion of it reaching 100000; all those K-line resistance levels are actually false. Think about it, going from over 60000 to 99000, all the theoretical K-line corrections in between are fake. Bitcoin bulls better take care, as after a drop, Ethereum will also follow and drop back to around 3120-3025. If it breaks that level, we could see 2800 for Ethereum. There’s no reason, it's just to harvest you greedy people. Again, I say run quickly, clear your positions if you need to. A 30% drop in altcoins is inevitable, don't wait until the bull market is no longer related to you. Although you might be able to hold on until next year, what’s the point of wasting so much time waiting to recover your losses? $ETH