Pionex: Bitcoin 12.27 Latest Market Analysis

Article Published on 2024.12.27—01:30

The current price of Bitcoin is 96,500. Pionex mentioned yesterday to short at the 100,000 mark and take profits at 96,000. Originally, Pionex planned to take profits at 97,000, but the shorts dropped too quickly, allowing for an additional 1,000 points. Finally, after taking profits at 96,000 with a gain of 3,800 points, Pionex reversed to long and is currently holding to see if 97,000 can break. If it doesn't break, Pionex will take profits again. Overall, Pionex does not expect significant market movements before the end of the year, so they choose to trade in waves. As long as there is clear support or resistance, they can act, and with good risk management, the returns are still quite objective.

Pionex first analyzes the price trend. The current candlestick pattern is quite volatile, with multiple long upper and lower shadows, indicating strong buying and selling forces in the market. Recent candlesticks show clear signs of a pullback, especially the large bearish candlestick on the 26th. The technical indicator MACD is currently in the negative zone, and the DIF line has formed a death cross with the DEA line, indicating the possibility of further declines in the short term, so caution is advised for long positions.

The Relative Strength Index (RSI) is currently around 45, not entering the overbought or oversold zones, but the overall trend is downward, indicating a bearish market sentiment. The trend indicator EMA has seen prices drop below EMA7, EMA30, and EMA120, with moving averages showing a bearish arrangement, indicating a bearish trend in the medium to long term. The trading volume has increased, especially during sharp price fluctuations, indicating high market participant activity. Therefore, the overall trend is still oscillating, with strategies to short at highs and long at lows.

Today's Pionex Price Predictions

• Long entry at 95,000, add long at 94,000, stop at 93,500, target 97,500
• Short entry at 98,000, add short at 99,000, stop at 99,500, target 96,000

Pionex: 12.27 Ethereum Latest Market Analysis

Article Published on 2024.12.27—01:30

The current price of Ethereum is 3,340. The support below has broken too quickly. 3,400 was originally Pionex's chosen entry point for a long position, but after a sharp drop, Pionex chose to short in line with the trend. Although profits have not been taken yet, based on the market trend, a 100-point space seems feasible. After another deep bottoming out, a long position can be considered, with a temporary focus on shorts.

Pionex first analyzes the price trend. The current candlestick pattern is fluctuating within the 3,350 to 3,500 range, showing a sideways trend with multiple long upper and lower shadows, indicating strong selling pressure and support in the market. The technical indicator MACD shows bearish strength dominating but with signs of weakening, confirming Pionex's judgment that after another bottoming out, a long position can be taken.

The Relative Strength Index (RSI) has not entered the overbought or oversold zones, indicating a continuation of the short-term oscillation. The trend indicator EMA is diverging downward, with short-term, medium-term, and long-term trends all leaning bearish. The current price is below all EMAs, indicating that the overall trend remains weak. Additionally, the increase in trading volume shows heightened market activity. There is significant volume near the highs, and some support at the lows, indicating fierce competition between bulls and bears. The strategy remains to short at highs and long at lows.

Today's Latest Price Reference

• Long entry at 3,300, add at 3,250, stop at 3,200, target 3,500
• Short entry at 3,450, add at 3,500, stop at 3,550, target 3,350

The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, Pionex feels a responsibility to share insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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