Yesterday saw two consecutive wins for the short position, and the logic is very simple. On the daily chart, multiple moving averages are suppressing the price, making it difficult for the coin price to breathe, which indicates it is going to drop. In a trend that cannot even break through the moving averages, how could it possibly stand above them? Therefore, the only way is down.
Today's market is no exception, still below the daily moving averages, so our strategy today remains short. Looking at the 4-hour chart, it is difficult to hold above the 94000 level, as the 60 moving average on the 4-hour chart acts as a barrier. Each time the coin price touches this moving average, it immediately turns downward as if lost.
Trading is indeed very simple; you just need to understand market rules. Let's take a look: below the daily moving averages, this is the trend. Once the trend is established, just wait for a reasonable price to short, isn't it very simple? Until the trend changes, you must, must short; never assume that it will break through, as this position is likely to incur losses. Follow your own trading rules, and it would be difficult to incur losses.
My rule is to short today, and we will see the results.
Rebound at 93000-93500 to short in batches, targeting 92000-91000.
Monday, 12.30, do not chase shorts in the morning, first look for a rebound long.
Over the weekend, Bitcoin dropped from around 95,200 all the way down to around 93,000, stabilizing at the 93,000 level and starting a rebound, currently hovering around 93,800!
In the morning, Bitcoin's current price around 93,800-93,500 can be directly looked at for a rebound, with the initial target looking at around 95,000-94,500.
December 29th, Sunday Mainstream Cryptocurrency Trend Analysis:
From the structure of the 4-hour chart, the downward momentum has slowed down, and the current trend still has a certain validity. Support levels are gradually and slowly rising, while the selling volume is also gradually decreasing, and the price ratio is undergoing correction.
This process requires some time to complete. Taking around 93500 as a short-term support point, the price may form a local consolidation or a pullback correction above this level. The key lies in the size of the pullback space, which could be large or small. If the space is large, it may indicate a deep adjustment; if the space is small, it may be a horizontal consolidation correction. Currently, it's advisable to go long at lower levels and short near the resistance around 97000, with a short position in the vicinity of 96500-97000.
For Bitcoin, accumulate long positions in batches between 94500-95000, and observe around 95800-96500.
Saturday, December 28 - Long positions below 94,000
Today is Saturday, and we have been in a narrow range of fluctuations. This small volatility is not very exciting. Friends who made profits this week can take a break over the weekend. Those who want to get back in can wait for a pullback to enter long positions.
Long positions around 94,100-93,600, looking at 95,000-96,000.
This morning's thinking was verified again by Li Run, 96600 was short, the lowest was 94600, a drop of 2000 points.
K线女神
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Bearish
Friday, December 27th, BTC plummets, continue short at 96300 during the day!
Yesterday, Bitcoin dropped from around 99900 to around 95200, a decline of over four thousand points, and remained under pressure, fluctuating below 96500 throughout the evening!
From a technical perspective on the four-hour chart, the price broke through the mid-line support and the K-line closed below the mid-line, and there is still some room below, so I don't expect much of a rebound in the short term. The main strategy remains bearish.
Short near 96200-96600 in the morning, targeting 95000-93000 Ethereum short near 3370-3400, targeting 3300-3250.
Friday, December 27th, BTC plummets, continue short at 96300 during the day!
Yesterday, Bitcoin dropped from around 99900 to around 95200, a decline of over four thousand points, and remained under pressure, fluctuating below 96500 throughout the evening!
From a technical perspective on the four-hour chart, the price broke through the mid-line support and the K-line closed below the mid-line, and there is still some room below, so I don't expect much of a rebound in the short term. The main strategy remains bearish.
Short near 96200-96600 in the morning, targeting 95000-93000 Ethereum short near 3370-3400, targeting 3300-3250.
From the daily perspective, Bitcoin is oscillating upwards, but the momentum is weakening. From the hourly chart, there is still short-term resistance around 99500-100000 for Bitcoin, and Ethereum still has room for upward movement. Therefore, today's suggestion is
Buy Bitcoin on a pullback near 98000, with a stop loss at 97000
Short in the 100000~99500 range
For Ethereum, it is suggested to buy on a pullback near 3460, with a target of 3530.
High altitude low buy, perfect idea, very magical!
Low buy at 98000 looking at 99000-99500, an evening surge reached 99350, a rise of 1350 points,
Reversing to short in the high area of 99000-99500, currently down 1000 points,
Low buy in Ethereum also taken down
K线女神
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Bearish
Wednesday, December 25th, BTC Insights
Yesterday, the US market opened, and Bitcoin surged unilaterally. Currently, it has broken away from the lower consolidation range on the daily chart, with prices approaching the previous resistance near the middle Bollinger Band. On the hourly chart, there is a need for a pullback after the explosive rise.
Goddess's Suggestions
Long Bitcoin on the pullback at 97,500~98,000, with a stop loss at 97,000.
Short in the 99,000~99,500 area on the rebound.
Ethereum suggestion: Long on the pullback near 3,450, targeting 3,550~3,600.
Yesterday, the US market opened, and Bitcoin surged unilaterally. Currently, it has broken away from the lower consolidation range on the daily chart, with prices approaching the previous resistance near the middle Bollinger Band. On the hourly chart, there is a need for a pullback after the explosive rise.
Goddess's Suggestions
Long Bitcoin on the pullback at 97,500~98,000, with a stop loss at 97,000.
Short in the 99,000~99,500 area on the rebound.
Ethereum suggestion: Long on the pullback near 3,450, targeting 3,550~3,600.
12.24 Tuesday, intraday high short low long, do not look at unilateral for the time being!
Today the US market closed early, the Americans have started to celebrate Christmas, today is likely to be a volatile market, the space is not very large. So we must find the high and low points.
Let's take a look at today's technical analysis. In the 4-hour cycle, there is pressure at 96,000 on the top and support at 92,000 on the bottom. It fell to around 92,000 in the early morning and was supported. At the same time, this is also the support level of the 20-day moving average of the 4-hour cycle. The two resonate. BTC is rising, and you can go long if it falls back!
The current price of the big cake is more than 93,900. See 93,600-93,300 near to buy, look at 95,000-96,000
See above near 95,300-96,000 short, look at 94,000-93,000#比特币行情
The target positions were reached one by one, with the lowest around 92200, 5800 space!
A wonderful day of steady profit!
K线女神
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Bearish
Friday, December 20: BTC Weak Downtrend, Continue Shorting at 99000!
Yesterday, BTC plunged wildly, and the shorts positioned around 101300-101800 perfectly reached 98500, resulting in a profit of 3300 points. Currently, the inability to hold the 100000 mark is a significant weakness, and the downtrend continues with further shorts on any rebounds.
In the 4-hour cycle, each wave is lower than the previous one, which is a standard downtrend. At the same time, moving averages are suppressing the coin price; the coin price hasn't even had the opportunity to touch the moving averages in this 4-hour cycle, indicating a real weakness.
Yesterday afternoon, a large bullish candlestick pushed up, solidifying support at the 99000 line. Unfortunately, in the evening, it surged to a high before retreating to around 95700, which diminishes the possibility of a reversal. In short, I have always been trading with the trend.
The entire market is falling; is this a global black swan event?
Intraday shorts at 98000-98500, unexpectedly seeing 99000 for additional shorts, with targets at 96000-95000-94000.