$BTC 12.22 On Monday morning, the latest market analysis and trading suggestions for Bitcoin and Ethereum:
As the year-end approaches, making money is the hard truth! So what if the market is volatile? Precision timing, swing trading is king! Every moment of the long and short game is an opportunity to make money! This year's Spring Festival dignity relies on your own trading strength! Looking back at the weekend, the market was firmly locked in a box-like oscillation pattern, with Bitcoin repeatedly pulling back and forth within the key range of 84408—90000, and the long-short game was fiercely fought, but no effective breakthrough was achieved. Ethereum synchronized with Bitcoin's trend throughout, oscillating narrowly within the range of 2772—3030, overall following the market's rhythm.
From the current market perspective, on the daily level, after the price dropped to the lower support of the Bollinger Bands, it recorded a two-day bullish rebound. Although it has barely recovered some lost ground, the continuity of upward movement is severely lacking, and the price's rise and fall clearly shows weakness. The MACD indicator gives a clear signal that the red bars above the zero line have not effectively increased in volume, and the two lines are continuously running low below the zero line, indicating that the trend has not undergone a substantial reversal, and the daily formation still maintains a bearish pattern. On the four-hour level, after a long period of fragmented upward and downward oscillation, the market ultimately chose to break down, with prices pressing close to the key support of the middle track of the Bollinger Bands. The technical indicators simultaneously issued a strong sell signal: the RSI lines collectively turned downward, and the KDJ indicator formed a clear death cross and accelerated divergence downward. In the morning, the strategy from Qianyu suggested a high short position.
Monday morning strategy:
Bitcoin: Short near 89000, target at 86500
Ethereum: Short near 3020, target at 2880
