Zhou Yanling: 12.24 Christmas Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Actually, I personally pay close attention to the market reaction after the Federal Reserve's interest rate cuts, similar to how I was previously focused on trading theories regarding the highs and lows after non-farm payrolls. These insights can help us capture many market movements, but this is all based on the premise that the cryptocurrency price is unable to break out repeatedly, indicating a tangled market sentiment that requires more time to gradually open up the trend. However, this time is different; the clear and significant sell-off and the lowest point have vividly showcased this round of decline. As for what happens next, we can only assess whether each rebound is merely a correction or if it will lead to an emotional rebound upwards. Therefore, in the short term, we need to decide where to position ourselves for short trades.
Thus, the cryptocurrency price still needs to continue moving down for a while. It depends on the current rebound actions and amplitudes, including whether the cycle can be managed well. It doesn't matter if you are bullish or bearish; what matters is whether you have corresponding trades in hand. Otherwise, all plans are just theoretical. In the short term, Yanling will not be making trend trades again because this week is Christmas, and trading volume is relatively low. Additionally, the cryptocurrency price has just completed a pricing trend and needs time to consolidate. Therefore, the recent market should follow the trend; let's finish the weak adjustments first, and we are not in a hurry to make trend bullish trades later. If you currently hold previous high-position long positions, there is no need to worry too much; the market will return to bullishness, but the temporary adjustment has not yet ended. Overall, as long as your risk price is below 85,000, there should be no major issues. As long as Bitcoin does not fall below 85,000 during this adjustment, the future bull market will still strongly push upwards. Just remember this point and always manage your risk well.
Zhou Yanling's 12.24 Bitcoin Trading Strategy:
Short at 95,200-94,600, stop loss above 96,000, target 92,700-92,000, continue to look for a breakdown towards 91,000.
Long at 92,000-92,600, stop loss below 91,300, target 93,400-94,000.
Zhou Yanling's 12.24 Ethereum Trading Strategy:
Short at 3,550-3,500, stop loss above 3,600, target 3,300-3,240.
Long at 3,220-3,270, stop loss below 3,160, target 3,530-3,580, continue to look for a breakout towards 3,750.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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