12.16 Monday Market Review and Future Analysis of Bitcoin and Ethereum

Monday's market saw an initial surge in the morning, followed by fluctuations only when the U.S. stock market opened in the evening. The short position strategy in the morning did not fully materialize, and the space provided by the long position in the evening was also quite limited.

In the evening, the overall volatility was not large, and Lao Wang's strategy did not emerge, so he decided to broadcast live to share some thoughts and directions with everyone, while also doing some short-term trading. Before the U.S. stock market opened in the live broadcast, Lao Wang mentioned that tonight's market would definitely be significant, as the daytime volatility was only present in the morning, and then BTC fluctuated in a range of 89000-90000, with not much movement. Under such circumstances, coupled with the impact of recent rate hikes, the coin price was very likely to experience a small continuation of the morning surge after the U.S. stock market opened, followed by a decline! As expected, the market was so precise; the current price orders, thoughts, and target points provided by Lao Wang in the live broadcast were all realized. In the live broadcast, BTC provided over 3000 points of space with five orders, and ETH provided over 50 points with one order, showcasing the win rate and technology!

Regarding the subsequent market, Lao Wang also stated that tonight the U.S. stock market would open high and close low, and the market would definitely continue. It just depends on the closing situation of the U.S. stock market at 5 AM Tuesday. Lao Wang expects it to provide a technical rebound recovery after an oversold condition. Of course, this is the script for tomorrow, and tonight's market remains the same, just continue to layout high short positions during the rebound! Lao Wang predicts that BTC can only drop to around 86000 tonight, and for the follow-up strategy, he suggests long positions looking at technical rebound recovery. Everyone can consider the specific market conditions and not blindly chase the bottom, but rather use their own judgment! $BTC #加密市场观察

Operation Suggestions:

Bitcoin 86000-86500 long, targeting 88000

Ethereum 2950-2980 long, targeting 3080