December 18: Market Fluctuations: Victory or Defeat is Approaching?
The daily candlestick for Bitcoin closed with a long upper shadow and a bearish candle: There is a certain selling pressure above. It was mentioned in yesterday's article that it did not break the key support below, which prevents a rebound to around 90. Liquidation of the shorts: Last night, the price reached around 90300, liquidating a wave of shorts, followed by a rapid decline to around 85300, continuing to test the most critical support level for the bulls. There isn't much good to say about the market; this week is likely to follow the same trend mentioned in yesterday's article. Currently, the market is adjusting with accumulation, and in the short term, it appears relatively weak. It is important to note that there will be continued rebounds to liquidate the shorts. The key position below remains around 85000; if this level is broken, Bitcoin will test around 81300. If this level cannot hold, it will continue to drop towards around 76888: Currently, it is still fluctuating within a range, and there is a probability that it will continue to move above 90: For those trading on a larger cycle, there is no need to watch the market every day; take some time to cultivate your mind and patiently wait for that day to come. Yesterday's fear index was 15: Today's fear index has risen by 3 points.
A message for my brothers: Believe in your own rhythm, rather than envying others' “myth of easy profits.”
$$BTC $ETH
The daily candlestick for Bitcoin closed with a long upper shadow and a bearish candle: There is a certain selling pressure above. It was mentioned in yesterday's article that it did not break the key support below, which prevents a rebound to around 90. Liquidation of the shorts: Last night, the price reached around 90300, liquidating a wave of shorts, followed by a rapid decline to around 85300, continuing to test the most critical support level for the bulls. There isn't much good to say about the market; this week is likely to follow the same trend mentioned in yesterday's article. Currently, the market is adjusting with accumulation, and in the short term, it appears relatively weak. It is important to note that there will be continued rebounds to liquidate the shorts. The key position below remains around 85000; if this level is broken, Bitcoin will test around 81300. If this level cannot hold, it will continue to drop towards around 76888: Currently, it is still fluctuating within a range, and there is a probability that it will continue to move above 90: For those trading on a larger cycle, there is no need to watch the market every day; take some time to cultivate your mind and patiently wait for that day to come. Yesterday's fear index was 15: Today's fear index has risen by 3 points.
A message for my brothers: Believe in your own rhythm, rather than envying others' “myth of easy profits.”
$$BTC $ETH