24/12/09 BTC reached a new high with a weekly doji star. If it hits a new high and gets rejected, it may reverse. ETH has three consecutive bullish candles; will the upward momentum continue?

CN
1 year ago

A U.S. think tank proposed to Amazon to establish a Bitcoin reserve. CZ commented: A simple question, do you accept Bitcoin payments? Following Microsoft's decision on December 11, shareholders will vote on whether to add Bitcoin to the company's balance sheet. More and more listed companies are beginning to consider or join, a small spark can ignite a prairie fire…

Trump stated there are no plans to replace Federal Reserve Chairman Powell, whose term will last until May 2026. When asked if he would seek to replace Powell, Trump told Welker: "No, I don't think so." "I think if I told him, he would (resign). But if I asked him (to resign), he might not." For the sake of votes, anything can be said, but implementation may be difficult. Personally, I think it would be optimistic to achieve even one-third of what Trump promised before.

Bitcoin

After the sharp drop and pin bar, Bitcoin rebounded twice but faced pressure below 101898, which is within expectations. This period has also been characterized by high-level fluctuations, and it will continue to test the support in the pin bar area before rebounding again.

After reaching a new high on the weekly chart, it closed with a doji star, and there were two retests near the 90800 support. It cannot be ruled out that there will be further high-level fluctuations, and it is still possible to create higher highs before a decline. If 90800 is directly broken, the downward movement will accelerate.

On the daily chart, the BOLL is narrowing, and the price is blocked by the upper track. Although the daily RSI and MACD have reached new highs, they have not changed the downward trend. As time goes on, if new highs cannot be established and maintained, the risk of decline cannot be ruled out.

Support: Pressure:

Ethereum

Ethereum's weekly chart has three consecutive bullish candles, breaking the downward trend line of 4093—3978. If it retests without breaking, it will continue to look bullish. The daily chart also touched the previous high of 4093 for the first time and faced pressure, and there will still be second and third tests of this pressure. On November 22, it was mentioned that there was a chance to reach 4000, and once it breaks the previous high of 4093, it could reach 4500—4600.

The altcoin rotation is particularly large, and the high-level fluctuations of Bitcoin are not friendly to altcoins. Reduce the frequency of operations; strong altcoins like PEPE and TURBO have risen over 50% since the bat pattern was mentioned, and are now near the previous high of 0.01344. If it does not break this pressure, reduce positions. STG had a pin bar with an 88% amplitude; corrections can be used to add positions in batches.

Support: Pressure:

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The article is time-sensitive and for reference only, updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. WeChat public account: Trading Prince Fusu

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