Throughout the weekend, I have been suggesting to watch for a potential new high. This morning, as expected, the price of the cryptocurrency reached a high of around 106,650 and faced resistance. In the evening, there was a rebound, but it is likely to continue to retrace back to around 102,500. The hourly chart has broken through the middle track with a big negative directly, and it is expected to continue to take the callback route in the evening, so we can layout the empty first according to the rhythm tonight. BTC retracement 104000-104400 short, target 102500 Short ETH retracement at 3930-3950, looking down to 3860-3820
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12.16 Evening Technical Analysis
Throughout the weekend, I have been suggesting to watch for a potential new high. This morning, as expected, the price of the cryptocurrency reached a high of around 106,650 and faced resistance. In the evening, there was a rebound, but it is likely to continue to retrace back to around 102,500.
The hourly chart has broken through the middle track with a big negative directly, and it is expected to continue to take the callback route in the evening, so we can layout the empty first according to the rhythm tonight.
BTC retracement 104000-104400 short, target 102500
Short ETH retracement at 3930-3950, looking down to 3860-3820