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12.10 Evening Big Cake Ethereum Analysis Operation Suggestions
At present, the negative decline of Big Cake is still continuing, and the market is showing a trend of rapid decline, which makes the important 9W pass at risk of loss. From the perspective of the weekly line, this wave of decline is entirely possible to push the price to the 9W line. As for the subsequent trend, it is necessary to observe the change in strength. If the downward force continues to increase, it is not impossible to follow the trend and look down to the 86000 line. During this period, it is recommended to be cautious about the possible small rebound and not to chase the rise easily.
The core idea of this week is still to focus on empty. It is foreseeable that the market in December will show a continuous decline. We should remain patient and wait for the opportunity to escape the top. Once the opportunity comes, we will leave decisively and resolutely refuse the kind of warm water boiling frog trading method!
In terms of specific operations, the 98100 line is empty, and the trend target is directly at 90000!
The 3750 level of Ethereum is also suitable for short selling, and the trend target is 3500! $BTC $ETH
At present, the negative decline of Big Cake is still continuing, and the market is showing a trend of rapid decline, which makes the important 9W pass at risk of loss. From the perspective of the weekly line, this wave of decline is entirely possible to push the price to the 9W line. As for the subsequent trend, it is necessary to observe the change in strength. If the downward force continues to increase, it is not impossible to follow the trend and look down to the 86000 line. During this period, it is recommended to be cautious about the possible small rebound and not to chase the rise easily.
The core idea of this week is still to focus on empty. It is foreseeable that the market in December will show a continuous decline. We should remain patient and wait for the opportunity to escape the top. Once the opportunity comes, we will leave decisively and resolutely refuse the kind of warm water boiling frog trading method!
In terms of specific operations, the 98100 line is empty, and the trend target is directly at 90000!
The 3750 level of Ethereum is also suitable for short selling, and the trend target is 3500! $BTC $ETH
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SOL: The recent upward trend from the low point to the high point is not yet complete, and we are currently in the phase of a previous bullish correction. We are at the key support area of 0.382, which is around the 197 point level, and support strength has been effectively established.
If the 0.382 point is breached, the bullish trend will end, and it will shift to a bearish dominance, with the primary target level above becoming around the 264 line. $BTC $ETH
If the 0.382 point is breached, the bullish trend will end, and it will shift to a bearish dominance, with the primary target level above becoming around the 264 line. $BTC $ETH
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Today's market rebound appears rather weak. From the four-hour chart, the increase has only reached near the shoulder resistance area and seems to be lacking strength.
The current pressure is mainly concentrated on two points: 98300 and 98700!
On Tuesday, we can adopt a more decisive strategy around the aforementioned resistance range, with the target set at 93000. If multiple attempts fail to break through, a downward breakout is likely to occur! $BTC $ETH
The current pressure is mainly concentrated on two points: 98300 and 98700!
On Tuesday, we can adopt a more decisive strategy around the aforementioned resistance range, with the target set at 93000. If multiple attempts fail to break through, a downward breakout is likely to occur! $BTC $ETH
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October 12th
It is indeed quite surprising that the sharp plunge of Bitcoin, while expected, was mirrored almost identically by those altcoins suddenly turning to decline, their patterns strikingly similar.
Earlier, Bitcoin's major players caused a sharp adjustment at the 90,500 point level due to overly optimistic market sentiment. This time, it seems that the operators of altcoins are repeating the same tactics.
Therefore, it can be anticipated that the subsequent trend of altcoins will still be upward amidst fluctuations, and after a correction, will return to reasonable price levels! $BTC $ETH
It is indeed quite surprising that the sharp plunge of Bitcoin, while expected, was mirrored almost identically by those altcoins suddenly turning to decline, their patterns strikingly similar.
Earlier, Bitcoin's major players caused a sharp adjustment at the 90,500 point level due to overly optimistic market sentiment. This time, it seems that the operators of altcoins are repeating the same tactics.
Therefore, it can be anticipated that the subsequent trend of altcoins will still be upward amidst fluctuations, and after a correction, will return to reasonable price levels! $BTC $ETH
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October 12
The Bitcoin market is currently controlled by bears. After hitting a low of 94050 during the early morning hours, it was subsequently pushed up by bullish forces to above 97000, indicating that there is support at this key price level. However, the drop was significant and prolonged, suggesting there may still be further downside potential in the future.
Overall, the current trend leans towards bearish, but it is worth noting that a hammer pattern has appeared on the hourly chart, which may indicate that bulls could mount a counterattack in the short term. Therefore, during the morning period, we should pay attention to the strength of any rebound and whether it can sustain; if the rebound momentum does not diminish, then we may consider continuing to short.
For Bitcoin, short at 98500, target 96000. $BTC $ETH
The Bitcoin market is currently controlled by bears. After hitting a low of 94050 during the early morning hours, it was subsequently pushed up by bullish forces to above 97000, indicating that there is support at this key price level. However, the drop was significant and prolonged, suggesting there may still be further downside potential in the future.
Overall, the current trend leans towards bearish, but it is worth noting that a hammer pattern has appeared on the hourly chart, which may indicate that bulls could mount a counterattack in the short term. Therefore, during the morning period, we should pay attention to the strength of any rebound and whether it can sustain; if the rebound momentum does not diminish, then we may consider continuing to short.
For Bitcoin, short at 98500, target 96000. $BTC $ETH
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12.10, Ethereum Midnight Analysis,
The time of market turbulence is a great opportunity to discover chances. Regarding the current market trend, there is no need to elaborate; consider 3930 as the key point for the long-short conversion.
Ethereum operation suggestions, range from 3880 to 3900, with targets at 3800 and 3750! $BTC $ETH
The time of market turbulence is a great opportunity to discover chances. Regarding the current market trend, there is no need to elaborate; consider 3930 as the key point for the long-short conversion.
Ethereum operation suggestions, range from 3880 to 3900, with targets at 3800 and 3750! $BTC $ETH
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12.10 Analysis of the Midnight Big Cake Trend
Please focus on the important level of 98000 for the big cake, which represents the bullish-bearish dividing line at the daily level. If the daily closing price does not stay above this level by 8 AM tomorrow, it may trigger a daily level pullback.
If the evening price continues to decline, we should pay special attention to the support levels of 97500 and 96400 below, observing whether there will be signs of a rebound.
For the evening operations, it is recommended to watch between 97000 and 96500, looking at 100000$BTC $ETH .
Please focus on the important level of 98000 for the big cake, which represents the bullish-bearish dividing line at the daily level. If the daily closing price does not stay above this level by 8 AM tomorrow, it may trigger a daily level pullback.
If the evening price continues to decline, we should pay special attention to the support levels of 97500 and 96400 below, observing whether there will be signs of a rebound.
For the evening operations, it is recommended to watch between 97000 and 96500, looking at 100000$BTC $ETH .
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TRX, the previous pullback of the head has returned to the 0.382 position, and is now at a critical point of whether it will break through. If an effective breakthrough occurs, the head will end; if not, the upper space will directly look towards the 1.618 position.
Pay close attention to the area around the 0.298 line, as it is at a key position for the head and shoulders transformation. The specific entry timing is about to appear!
Pay close attention to the area around the 0.298 line, as it is at a key position for the head and shoulders transformation. The specific entry timing is about to appear!
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It can easily break through the 100,000 mark, which shows that the competition between the bulls and the bears is extremely fierce, and the market is full of confusing signals.
In addition, the market sentiment continues to be in an extremely eager state and is unwilling to subside, so Zhifan is more inclined to adopt a high-altitude strategy.
Operation suggestion, 101500~101000 箜, the target is 98000$BTC $ETH
In addition, the market sentiment continues to be in an extremely eager state and is unwilling to subside, so Zhifan is more inclined to adopt a high-altitude strategy.
Operation suggestion, 101500~101000 箜, the target is 98000$BTC $ETH
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