12.17 Bitcoin and Ethereum Evening Trend Analysis and Trading Ideas!

CN
1 year ago

On the weekly level, Bitcoin has closed with a bullish candlestick again, facing no pressure above. Currently, we can only reference the new high around 106,500. Ethereum has closed with a long lower shadow bearish candlestick, and the market has once again stalled at the 4,000 mark. The resistance level is 4,000, and the support level is around 3,880-3,900. If it stabilizes above 4,000, we can look towards the historical highs of 4,800-4,900.

On the daily level, Bitcoin shows a steady climbing trend, consolidating after rising and then breaking out again. The rhythm is very clear, with the current resistance level at 106,500 and support at 103,000-101,000. As long as the current position does not break, the pullback trend will not have any significant impact. Ethereum closely follows Bitcoin's pace, but the upper resistance level at 4,000 is currently facing obstacles again, with support at 3,850-3,900. If it breaks above, we can look at 4,100 in the short term and 4,800 in the long term.

On the 4-hour level, it is evident that after a high pullback, Bitcoin has just touched the peak of the previous consolidation range at around 103,000 before rebounding again. This can be seen as short-term support; if it does not break, we won't discuss a deep pullback. The expected upper position is 110,000. Ethereum is currently facing resistance at 4,000, with a pullback also reaching around 3,900. The subsequent focus is on a supplementary surge towards the 4,000-4,100 range.

Currently, the market has broken the consolidation range. Although there has been a pullback, the support is effective, and it is expected to rise further. The operation should focus on low long positions, and if the new high is not broken, aggressive short positions can be taken!

Operation strategy: Focus on low long positions, short if the new high is not broken!

Long Bitcoin at 103,000-103,500, target 105,000-107,000, with a stop loss below 102,500; short at 106,500-107,000, target 105,000-103,000;

Long Ethereum at 3,880-3,910, target 3,980-4,020, with a stop loss below 3,850; short at 4,000-4,020, target 3,950-3,900;

The strategy is time-sensitive, and specific guidance will be provided privately in real-time!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operation strategies!

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