The market at the end of the year is really boring🥱
The overall trend is a震荡箱体 structure, with liquidity continuously tightening. Without any stimulus from news, it won't break out into a large trend. Brothers, don't be too rigid when trading; if you need to exit, just do it. Giving back profits is not worth it!
BTC Last night, I opened a short position at 90500 on the peak, which dropped to the 8700 level at its lowest. It has already broken the four-hour support level, and the rebound strength during the day is relatively weak. The pressure for a small-level rebound is around 8830, so pay attention to short positions at this level. I expect a continued pullback to 8660-8500, with 8500 being the daily support level. If it pulls back to this position, you can try to enter a long position.
ETH Overall relatively weak, the white盘回踩 broke the 哆头 shape, the small level rebound pressure is in the 2970-90 range. If it can break through the rebound, it can continue. Short positions wait here, continuing to retrace to the small level support at 2928-2880. If it breaks below 2880, it will look directly at 2800. Conservative long positions wait at 2800 for $BTC #加密市场小幅回暖 .
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The market at the end of the year is really boring🥱
The overall trend is a震荡箱体 structure, with liquidity continuously tightening. Without any stimulus from news, it won't break out into a large trend. Brothers, don't be too rigid when trading; if you need to exit, just do it. Giving back profits is not worth it!
BTC
Last night, I opened a short position at 90500 on the peak, which dropped to the 8700 level at its lowest. It has already broken the four-hour support level, and the rebound strength during the day is relatively weak. The pressure for a small-level rebound is around 8830, so pay attention to short positions at this level. I expect a continued pullback to 8660-8500, with 8500 being the daily support level. If it pulls back to this position, you can try to enter a long position.
ETH
Overall relatively weak, the white盘回踩 broke the 哆头 shape, the small level rebound pressure is in the 2970-90 range. If it can break through the rebound, it can continue. Short positions wait here, continuing to retrace to the small level support at 2928-2880. If it breaks below 2880, it will look directly at 2800. Conservative long positions wait at 2800 for $BTC #加密市场小幅回暖 .