December 29th, BTC-ETH Market Analysis and Operations

CN
10 months ago

Market Review:

Yesterday, the market rose to 43800 in the early morning and then fell to complete the gate, and the current market is oscillating around 42700.

Market Analysis:

Looking at the four-hour technical chart, the Bollinger Bands are running in a converging manner, and the current market is below the midline of the Bollinger Bands. The KDJ three lines are about to form a golden cross. Looking at the one-hour chart, the MCAD is gradually moving upwards, the bearish energy column is shrinking, and the KDJ three lines are moving upwards, indicating a short-term rebound. The four-hour chart has the momentum to break through the high, with continuous oscillating consolidation trends. With the rise of the low point, it is currently in a further accumulation phase, and the upside space has opened up. The short-term pressure is not strong, and the overall trend is still considered a correction. The volatility has started to increase, and after the strong rally of the previous day, the magnitude of the retracement is equivalent to the space of a single-day one-way movement in the past. Although the overall direction is bullish, it is still important to grasp the entry points. The recent directional operation suggests focusing on long positions on pullbacks and short positions on highs.

Trading Suggestions:

BTC: Look for long positions near 42500 with a target around 43200-43600. Reverse if not broken. Stop loss at 300 points.

ETH: Look for long positions near 2330 with a target around 2380-2420. Reverse if not broken. Stop loss at 20 points.

The above suggestions are personal opinions and are for reference only.

Risk Warning and Disclaimer: The market is risky, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account the individual reader's specific investment objectives, financial situation, or needs. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Any investment based on this is at your own risk. (For friends who are still confused about operations, you may want to take a look at the strategies provided. Real-time guidance for 24 hours, as market volatility is fast. Due to the impact of timeliness during review, real-time layout is the main consideration for the subsequent market trends. Coin friends in need of contract guidance can scan the QR code at the bottom of the article to add my public account.)

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