#BTC #etf

Market analysis and operation suggestions on December 16, 2023

Recently, Bitcoin has been oscillating sharply at a high level. In the oscillating market, the conversion between long and short positions is very fast. Whether you are subjectively bullish or bearish, you must always remind yourself to follow the trend of the market to adjust your expectations. When there are buying and selling points, don't hesitate, just do it. Yesterday, the Asian market fell, and the European market rebounded slightly. After a brief breakthrough of 43,000, the short position increased in the evening. The hourly line fell for six consecutive times until it fell below the 42,000 mark. There was basically no fluctuation from early Saturday morning to noon, and it continued to consolidate around 42,000.

On the market, it is still a oscillating upward relay pattern. This position may need to be gambled to digest the market selling pressure. The market will most likely continue to rise in the future. At the current price ratio position, if it cannot go up in the next two days, it may make a larger structure. Wait patiently. ETF approval is something that will happen after January. After approval, there will be a gap in the listing period. It is impossible to predict how it will go now. As long as the market sentiment is still there, there will be no problem. In the bull market, there will be a large retracement. If you want to keep the huge profits, you must be able to withstand the large retracement. In the four-hour structure of the big cake, the overall short position is still dominant. The MACD double-line dead cross attempts to pull back to the zero axis. It is currently in a rebound trend. The short-term layout can be adjusted to go long.

Saturday operation midday operation suggestion:

Big cake 42000-41800 long, target 42600-42800.

Ethereum can follow the operation and take good defense according to the cabin!

The market trend changes rapidly, and the space follows the trend! The short-term trend direction will be disclosed every day. Friends who are not good at short-term trading should follow Jingyan's rhythm!