In the last 24 hours, a total of 111,938 people globally have been liquidated, with a total liquidation amount of $292 million! This week saw a significant drop, so do not chase after highs. Stabilize in the morning session and observe the long and short signals under the combined influence of Europe, America, and Asia before and after the North American market opens. Although both long and short positions can be taken, the price has returned to the levels seen during the weekend's consolidation, so wait for a pullback confirmation before going long!
BTC
BTC opened with a bearish candlestick with upper and lower shadows in the morning, and the weekly candle closed with a long upper shadow bearish candlestick. The price dipped to 8.75 and quickly rebounded. Although the MACD on the 1H chart has a golden cross, it is still below the zero line, and the market continues to look bearish;
Since the bottom on November 21, the daily line level has oscillated for 23 days, the whole shape is more like a wedge, a wedge is not a reversal pattern, more likely to break the lower edge of the wedge after a rebound.
1) 80600 as the recent bottom, not the medium to long term bottom, will break after the rebound, looking at the big coin starting with 7.
2) The 4-hour level continues to return to the oscillating market, with resistance at 91400-93400 above, and support at 83700-86600 below. Ambush short position at 9.14, defense at 9.25, targets at 8.92 and 8.86.
ETH
Ethereum's weekly K line closes with a long upper shadow bullish doji, the daily line maintains a bullish pattern of 'higher lows, higher highs', and the upward trend line has not been broken. After a short-term false break, it quickly recovers and forms a bullish divergence, meeting the conditions for continued rebound.
(1) Pay attention to resistance above at 3150, 3250, and 3400: participate in short selling around these positions. Support below at 3050, 2950, and 2800, long-term short positions look at 2600 and 2500.
(2) There is certain support near ETH3050, if it breaks, 3k will be lost. The strength of the rebound is getting weaker, above 3100 or if it breaks 3044, add to the short position, do not add if not below.
This week's key focus
Tuesday: Non-farm data, affecting the interest rate cut expectations for January next year;
Thursday: US CPI data, mainly affecting the Federal Reserve officials' decisions on interest rate cuts;
This week's main keyword: short selling.
Remove the small wave segments for long positions. Do not open long unless it's a big spike, do not bottom fish. Most of Thursday will be small spikes, with big spikes at the latest around Christmas.
ORDI
The daily line shows preliminary signs of stopping the decline, the market enters a complex bottoming phase of 'exchanging time for space', the price oscillates in a very narrow range of 3.855 - 4.557, which is a typical 'symmetrical triangle' convergence pattern, indicating a major change is imminent!
ZK
ZK just hit the low point of the last round of launch, I feel that buying spot is also not a big problem, set the stop loss here at 0.029! The stop loss down is 10 points, the space up has cost performance!
ALPHA coin today overview: Although there are many ALPHA coins, very few have operators.
SENTIS: 0.03 to 0.3, no contracts, unilateral control, just take a look.
FOLKS: The last two days have seen strong performances, after a drop from 47 to 20, it can easily bounce back, the strong remain strong, if it doesn't break 23, look bullish.
NIGHT: Current price 0.0656, take a look, the operation space of new coins is not large, learn from experience.
BEAT: Contract raised from 0.2 to 2.8, volume operation, has the flair of coins like COAI/MYX/AIA, large fluctuations in the upward trend, suitable for entering on dips, leave when the trend ends.
JELLYJELLY: Also a fierce member of the S chain, yesterday 0.08 had a good entry logic, today 0.11, the operation is quite skilled, the trend is also relatively strong, in an upward trend does not rule out the possibility of $PIPPIN, if doing it also needs to be closely monitored.
ICNT: Volume operation, current price 0.42, convergence breakthrough, gives a sense of large space, suitable for buying on dips. $POWER K line is not many, needs observation, current price 0.22, can be strong or weak.
UAI regular rise current price 0.2, the overall K line also has quite a bit of charm.
IRYS: Observe the operation.
TAKE: The daily line is quite strong, current price 0.35, this kind of operation is generally for ordinary people.
Market conditions are changing rapidly, entry and exit positions should be decided in real-time, just follow the trend when it breaks! No matter how high the accuracy, please strictly implement the take profit and stop loss strategy! That's all for today! Follow me, don't get lost!
