12.22 Monday Morning Trading Suggestions

Yesterday's Market Review: The weekend market fluctuated within a narrow range, with the evening showing a "pullback after a rebound" trend. The Bitcoin surged to around 88800 and then fell back as expected, hitting a low of around 87700. Our intraday emphasized strategy of buying low after a high has been completely fulfilled.

Current Market Analysis:

- 4-hour Level: The candlestick shows alternating bullish and bearish patterns, with a brief rise in the evening followed by a rapid decline, overall in a state of consolidation, with bears dominating. The three lines of the Bollinger Bands are slightly downward, indicating that the short-term bearish trend is still continuing.

- 1-hour Level: The strength of the rebound is significantly weaker than that of the decline, with small bullish candlesticks and long lower shadows, presenting the characteristic of "pullback after a rebound"; the lower and middle bands of the Bollinger Bands show signs of turning upwards, but the upper band continues to converge downwards, indicating that the short-term market is likely to maintain a range-bound fluctuation. Even if there is a rebound later, the upward space is quite limited.

Trading Suggestions:

Overall, focus on "selling high on rebounds", with a short position being cautiously attempted in the lower range:

- Bitcoin: Short near the 88500-89000 range, targeting around 87000;

- Ethereum: Short near the 2990-3020 range, targeting around 2900. $BTC $ETH #美国非农数据超预期