Pionex: Bitcoin 12.28 Latest Market Analysis

Article Published on 2024.12.28—01:30

The current price of Bitcoin is 94,200. After taking profits at the 96,000 level mentioned at the beginning of yesterday's article, I reversed to long, targeting 97,000, and have now taken profits again by reversing to short. I took profits again at 95,000, gaining an additional 1,000 points on the long and 2,000 points on the short. Now, after testing the previous low again, I continue to enter at the support point. At this moment, the market is fluctuating back and forth, making it most suitable to trade in waves. If you don't believe it, just look at the following analysis.

First, let's analyze the price trend. Currently, the K-line pattern shows significant price fluctuations, with multiple long upper and lower shadows, indicating strong selling pressure and buying interest in the market. I have noticed that the recent K-lines show clear signs of a pullback, especially the large bearish candle on the 27th. The technical indicator MACD shows strong and obvious bearish momentum.

The Relative Strength Index (RSI) is around 40, suggesting that there may be further downside potential. The trend indicator EMA shows that the short-term EMA7 has crossed below the mid-term EMA30 and is far from the long-term EMA120. I assess that the short-term trend is bearish. The trading volume indicates intense market sentiment, with fierce competition between bulls and bears. A short position is inevitable, but it is not suitable to aggressively sell off; instead, we should wait for the short to complete before entering.

Today's Price Predictions

• Long entry at 93,000, add long at 92,000, stop at 91,500, target 95,000.
• Short entry at 96,000, add short at 97,000, stop at 97,500, target 94,000.

Pionex: Ethereum 12.28 Latest Market Analysis

Article Published on 2024.12.28—01:30

The current price of Ethereum is 3,310. Yesterday, I mentioned that I did not chase the high at 3,400 but instead reversed to short. The original plan was to add to the short at 3,450, but it did not reach that level, so I did not add. This is the real-time content from yesterday's article for reference. Currently, we are very close to 3,300 and have not taken profits yet. Specifically, we are looking at the previous low. From the overall trend, it seems that 3,300 may not hold in the short term and could further decline. There is no rush; we should focus on defense and continue to hold while watching.

First, let's analyze the price trend. We can see that the K-line pattern is fluctuating within the 3,300 to 3,500 range, showing an overall downward trend with multiple long upper and lower shadows. I assess that there is significant selling pressure and support in the market. The MACD technical indicator shows that bearish momentum is increasing, giving me reason to continue holding the short position for maximum benefit.

The RSI14 is close to 40, and I remind everyone that there is a risk of a pullback. The trend indicator EMA shows that the short-term EMA7 is below the mid-term EMA30, while the long-term EMA120 is above the current price, indicating a clear bearish arrangement. The increased trading volume suggests significant market sentiment fluctuations. After a volume increase and subsequent decline, the trading volume is gradually shrinking, which I believe may indicate a potential rebound or consolidation in the short term. Therefore, we must be well-prepared.

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 is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, I have continuously explored and experienced hundreds of different digital assets. Throughout this process, I have 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, I feel a responsibility to share my insights, hoping to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

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

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