☕12.18 Daily Market Insights.☕
$BTC Insights:
The major coin has broken through with volume at 86687; the hourly closing price is above 86687, pursue the long position on the right side, and retrieve the stop loss.
85966 has broken down with volume; the pullback cannot be recovered, pursue the short position on the right side, retrieve the stop loss, and pay attention to changes in volume, ensure proper stop loss.
85599 has shown a false breakdown; recover one more lot, if the false breakdown's low point or 85088 is broken, retrieve the stop loss,
if it cannot be recovered, do not go long.
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The major coin has successfully broken through and stabilized at 87214, looking up at 88186-89337; only by breaking through 87214 can the upward trend continue.
When shorting the major coin, pay attention to the upper level at 88186 for a 2b false breakout to short one lot, stabilize the stop loss at 89373.
Conservative players should wait: long at 84027, stop loss at 82245.
Last night's wave of pulling was to clear the upper short liquidity; if it really wants to rise, it won’t just pull up and then immediately crash down. Moreover, it tested the previous low of 85111, fortunately, it did not break the previous low and stopped falling near the previous low, showing a rebound,
but if the rebound cannot break through the neckline at 87145, it will test the previous low again; pay attention to risks.
Currently, it has tested the previous low three times as indicated by the yellow arrow; a support tested multiple times, and the rebound strength each time is weaker than the last, this support is likely to break. If the previous low is broken, the position indicated by the right red arrow will come, or even lower, thus testing the support at 85000 is inevitable.
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Upper pressure 87214-88168-89337
Lower support 85616-85111-83495
4-hour level 86166 breaks down, looking down at 85295-83553.
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$ETH Thought:
The secondary coin has broken through with volume at 2835; pursue the long position on the right side, retrieve the stop loss.
2928 has broken down with volume; pursue the short position on the right side, ensure proper stop loss.
Pull back to 2787 to confirm valid support and add one more lot,
break 2752 to stop loss.
The secondary coin has stabilized at 2836; looking up at 2861-2891.
Be cautious of the secondary coin at 2891 for a short position,
break 2924 to stop loss.
Left side spike order: long at 2671, stop loss at 2621.
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Upper pressure 2836-2861-2891
Lower support 2787-2726-2671
4-hour level 2808 breaks down, looking down at 2761-2703,
the secondary coin has dropped quite significantly; the trumpet pattern has been broken and the previous low has also been broken, resulting in a new low. If the rebound cannot reach above the neckline at 2837 and falls back to break the new low at 2787, 2719 will inevitably arrive, end of meeting.
