Trading in the cryptocurrency market is by no means a short-term speculative behavior; it should be viewed as a long-term plan that requires careful planning. There is no 100% accurate trading strategy or zero-risk investment plan in the world. We need to summarize our gains and losses in a timely manner, enhance our understanding of risks, plan our mindset well, and reasonably avoid risks. We cannot focus solely on immediate gains and losses; short-term losses are not terrifying as long as the subsequent direction is correct, and losses can be recovered. Based on our risk tolerance and trading strategies, we should set reasonable stop-loss and take-profit levels in each trade and gradually grow in our investments!
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The sentiment of the cryptocurrency price has declined, with resistance at the 88900 level falling, and the lowest support at the 86300 level recovering fluctuations, while running near the 87500 level. From a 4-hour perspective, the MACD shows an increase in momentum.
Tuesday night view:
Looking at the range around 87800-88300, we aim for the range around 86800-85800.
Looking at the range around 2990-3020, we aim for the range around 2940-2910.
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The price of the currency has recently undergone repeated adjustments. Let’s review the highest resistance level of 90600 from Monday night’s fluctuations, with the midnight public prediction fulfilled as expected, and the lowest support level at 87900. The lowest support level for the second brother is at 2960. Currently, it is operating near 88500, and the hourly KDJ line is sticky.
Tuesday morning fluctuations:
Near 88000-87400: Look: near 89100-89800
Near 2980-2950, look: near 3030-3070
Personal opinions are for reference only; everything is subject to Sister Xi’s stone judgment!
The market is never short of opportunities, what is scarce is irreversible capital; the market will always have cycles, but what remains unchanged is human greed and fear. What truly supports you through the fluctuations is not the precise prediction, but a calm demeanor in the face of change. $BTC$ETH
A tiring day has come to an end. After the ups and downs of this day, I believe one-fifth of friends have helplessly left the scene. All I want to say is that failure is only temporary; please do not give up. $BTC$ETH
The price of the currency is under pressure at the 90600 line without showing stabilization, currently falling back to around 89600, with the hourly level dead cross opening downward.
Midnight Monday:
Short around 89900-90500, look for: 88800-88000 nearby
Short around 3050-3080, look for: 3000-2960 nearby
On December 22, according to Cointelegraph, as the price of Bitcoin breaks through 90,000 USD, discussions of the 'Christmas rally' have once again emerged. Analysts point out that since November 22, Bitcoin has been consolidating within a wide range of 82,000 USD to 95,000 USD, and the longer the consolidation period, the stronger and more intense the subsequent rebound will be. The Glassnode cost basis distribution heatmap shows that the current key price support level is between 84,000 USD and 85,600 USD, as investors have bought about 976,000 Bitcoins near this price level, and if the 84,000 USD mark is held, it may stop further declines.
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The core driving logic of the current cryptocurrency market still revolves around global central bank policies. Last night, the U.S. December non-farm payroll data landed softly, with the number of new jobs slightly below expectations, which neither strengthened inflation concerns nor broke the market's fundamental expectation of the Federal Reserve's interest rate cuts next year, originally creating a warmer environment for risk assets. However, today, Federal Reserve official Harker released hawkish signals, clearly stating that "no adjustment to interest rates is needed before spring," directly suppressing the market's easing expectations.
Meanwhile, the ripple effects of the Bank of Japan's unexpected interest rate hike have not yet settled, leading to a retreat in global risk aversion preferences, further limiting the upward momentum of cryptocurrencies. It is noteworthy that although the Federal Reserve implemented its third interest rate cut of the year in December, the subsequent hawkish guidance has led to a divergence in the market's expectations for the pace of rate cuts. This contradiction between "easing landing and hawkish guidance" makes it difficult for Bitcoin and Ethereum to form a clear trend, instead entering a phase of consolidation. In terms of cross-market linkage, Bitcoin has a correlation of 36% with the S&P 500, while Ethereum is at 38%. The volatility of traditional stock markets also indirectly influences the cryptocurrency market through emotional transmission.
From the 1-hour candlestick perspective, Bitcoin is currently in a key consolidation range of $88,800-$89,200. After peaking at $89,196.23 in the morning, it failed to hold, indicating strong selling pressure in the $89,150-$89,200 range. This area is also a dual resistance zone of the daily baseline and the Fibonacci 0.618 retracement level. The support below focuses on the $88,800-$88,900 range, which is the core support area of the recent consolidation platform. If effectively lost, it may further test around $88,500.
Ethereum is relatively strong, successfully holding above the key psychological level of $3,020, currently consolidating in the $3,020-$3,030 range. From a technical perspective, the short-term resistance above is located in the $3,030-$3,040 area, which is the overlap of the neckline of the head and shoulders pattern and the Fibonacci 0.5 retracement level, and is also the resistance zone of the 50-day Exponential Moving Average (EMA), making it difficult to break through. The support below focuses on the vicinity of $3,020, where there is considerable buying support. If lost, it may further test the key support zone of $3,000.
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The price of the currency is under pressure and fell near 89600, while running around the line of 88400 in front of molybdenum. The hourly level is once again operating near the middle track of the box.
Monday afternoon:
Near 88700-89300 🈳, look: near 87800-87000
Near 3020-3050 🈳, look: near 2970-2930
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Good morning brothers, a new week has begun, with a few days of sideways fluctuations. Over the weekend, the price reached a strong support level of 90,000 but failed to break through. It is currently running near the middle track of the daily candlestick in the Bollinger Bands, with a key level at 88,600. The second brother is running near 3,000.
Monday morning forecast:
Near 88,300-87,700, watch: near 89,400-90,200
Near 2,980-2,950, watch: near 3,030-3,070
The personal opinion is for reference only; everything is subject to Sister Xi's stone slab! $BTC$ETH
The sun prompts a low-position layout window, and the market is expected to rise as scheduled.
Your daily thoughts are laying the foundation for your world. Choose positivity, choose kindness, and you will find the world treating you gently.
$BTC$ETH
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