Christmas Double Bottom, Caution in Chasing Upward! 12.24 Bitcoin Auntie's Midnight Thought Analysis
Today, the price of white interval coins fluctuated slightly, and in the evening, it directly surged strongly. Bitcoin broke through 98,000, and Ethereum broke through 3,500, giving short selling ideas but unfortunately stopped out! Currently, there is basically no retracement strength in the trend! The Christmas Eve bears were completely wiped out!
From a technical perspective, the daily line has three consecutive bearish candles but closed with a long lower shadow, piercing the lower rail and rebounding. From a structural point of view, the double bottom has been successfully formed. The KDJ fast line has turned up from a low position, and the MACD volume has also begun to shrink, but the three lines of the Bollinger Band are extending forward in parallel and have not contracted, so it cannot yet be confirmed that the decline has completely stopped!
Looking at the four-hour chart, after the three lines of the Bollinger Band contracted, it is now also in a state of parallel extension. During the day, it consolidated, and in the evening, a strong bullish candle pierced the middle rail and rose to near the upper rail. Both KDJ and MACD show a golden cross tendency, and according to the closing line, there is still space above!
Overall, the price of coins has stopped falling and rebounded, with bulls strongly pushing up, and the overall trend is biased towards bulls, but short positions may still be liquidated to chase long positions. Since the US stock market closes at 2 AM today, there may be a risk-off selling trend, so everyone should be cautious in chasing long positions! The pressure positions above are at 98,800, 99,600, 101,000, and near 103,000, while the support positions are at 96,500, 95,000, 93,500, and 92,500.
12.24 Bitcoin Midnight and Next Day Early Morning Trading Ideas: Aggressive traders can enter long positions on a pullback to 95,500-96,000, with a stop loss near 95,000. The target is at 97,000-98,000-98,800, and if broken, look for 99,600-101,000.
Short Selling Idea: Attempt to short near 98,800, with a stop loss of 600 points, targeting near 98,000-97,500-97,000-96,500!
12.24 Ethereum Evening and Next Day Early Morning Trading Ideas: Aggressive traders can enter long positions on a pullback to around 3,380-3,400, with a stop loss of 50 points. The target is at around 3,450-3,500, and if broken, look for 3,550-3,600, and hold based on the situation!
Short Selling Idea: Attempt to short near 3,520, with a stop loss of 40 points, targeting around 3,450-3,400.
Patience for a day, but the points waited for ended up with unfortunate stop-loss! Many indicators are bearish, but they cannot match the determination of the market makers to liquidate short positions. This surge directly broke 98,000, strongly rising by four to five thousand points. Without significant positive news, a pullback to adjust the indicators is expected. Everyone should be cautious in chasing long positions and wait for a pullback to re-enter!
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