12.19 Thursday market review and subsequent analysis of Bitcoin and Ethereum strategies

The market on Thursday was in a slow upward trend, rising from around 85000 to near the 90000 mark after the evening CPI data was released! My friend in the real trading group had also been in a long position, and although the process was tortuous, I think the profit of several tens of thousands of U.S. dollars is quite considerable! This friend mainly had a large position and has been following my strategies for a long time, very much trusting me; various reasons combined to allow this position to be held!

After the evening market rose to a high of around 89500, it was pressured by strong resistance at 90000, and with the impact of the interest rate hike at 10 AM on Friday, the overall market sentiment collapsed severely! Unfortunately, I was unable to enter the market in time, which also led to a portion of the profits from the long position being given back, which is quite regrettable.

In the evening, during the live broadcast, the first long position was unfortunately stopped out, but fortunately, the following two positions provided enough space and were executed successfully! Friends who followed my strategies in a timely manner could accumulate a good amount of positions from these two trades; at the very least, they could recover some of the previous losses!

From the current market perspective, I won't provide too much technical analysis; recent news has had a significant impact. The evening's rise was also due to favorable CPI data, along with the Federal Reserve's dovish stance on future interest rate cuts, which led the market to experience a rise. However, with the interest rate hike on Friday morning and the strong resistance above, the market will definitely continue to decline in the upcoming daytime; at least the strategy for the early morning is so, so everyone should focus on shorting during any rebounds in the short term!

Trading suggestions:

Bitcoin $BTC 85000-85500 short, looking down to 82500

Ethereum $ETH 2830-2860 short, looking down to 2600

Still the same saying, everyone should analyze the specific market conditions specifically, and set proper stop-losses before making positions! Take profits in a timely manner when there is space! #加密市场观察