12.20 Friday Morning Technical Analysis

Yesterday, the big cake kept probing the bottom, reaching as low as 95770, and the increase in short positions was larger than expected. The ethereal also touched a low of 3333, which was unexpected and was ruthlessly hit by the shorts! The market's traps are always unexpected. Caution is needed when entering the market at this point. Be prepared to defend!
Returning to the market, from the hourly K-line perspective, after continuously probing the bottom, Bitcoin rebounded at the 95770 level and Ethereum at the 3333 level. It ran from below the lower Bollinger Band to above the lower band, and the bulls began to exert force with heavy volume! The morning trend is bullish!
But now it's more volatile. It's important to defend well. In this violent downturn, we should set stop-loss orders. Stop-loss is not scary. What's scary is holding on to losing positions and blindly adding to them. At this time, the trading system becomes particularly important. The system is not about how much money we make, but about limiting our losses and minimizing losses is gaining.
The pullback of the big cake is around 96000-96500, with a target of 99000 and defense at 95000
Auntie withdraws around 3350-3380 to go long, with a target of 3600-3650 and a defense at 3300 #币圈 #加密货币