🐟12.22 Afternoon Market View.🐟
$BTC View:
Bitcoin's volume broke through 88590, and the hourly closing price remained above 88590. Go long on the right side, and recover the stop loss.
88133's volume broke down but couldn't recover on the rebound. Go short on the right side, and recover the stop loss. Pay attention to the changes in volume and manage the stop loss well.
86823 broke down, and one more long position should be considered if the false breakdown occurs or if it breaks below 85825 for the stop loss.
If it doesn't recover, do not go long.
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Bitcoin broke through and stabilized at the hourly level of 88418, looking up to 89512-90633. If it can't go above 88418, it's meaningless.
When shorting Bitcoin, be cautious of a 2b false breakthrough at 89512, and short one position. If it breaks through and stabilizes at 90633, set the stop loss.
Conservative players wait: long at 85060, stop loss below 83786.
The movements in this Bitcoin market are too bizarre. First, there was a false breakdown of the wedge shape downward, but it did not break the previous white arrow's low point of 86785. Then it started to rebound upwards, challenging the resistance at 89512 again, and it has repeatedly challenged it twice without success, leaving two long upper shadows indicating significant selling pressure at 89512. It has tried several times to push upwards but seems unlikely to break through unless there is favorable news. Relying solely on Bitcoin's own strength to break through is a bit difficult.
There is resistance above at 89512 and support below at 86785, so let's oscillate between 89512-86785!
As long as the pullback does not break below the red box area of 86785, this bullish trend remains intact, but without breaking through 89512, it won't rise. To go down first, it needs to break below the neck level of 87617, and then below 86785 to initiate a downward move. If it can't go up or down, just oscillate here.
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Upper pressure 88418-89512-90633
Lower support 87617-86785-85807
At the 4-hour level, if 87797 breaks down, look downward at 86831-85650.
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$ETH Idea:
The second Bitcoin's volume broke through 3009, and go long on the right side, recover the stop loss.
2995's volume broke down; go short on the right side, manage the stop loss well.
Pullback to 2936 to confirm the support is valid for one more long position,
If it breaks below 2885, set the stop loss.
The second Bitcoin stabilized at the hourly level of 3029, looking up to 3061-3132.
Pay attention to the second Bitcoin at 3132 for a short position,
If it breaks through 3181, set the stop loss.
Left side pin order: long at 2862, stop loss below 2812.
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Upper pressure 3029-3061-3132
Lower support 2970-2937-2885
At the 4-hour level, if 2970 breaks down, look downward at 2933-2900. The second Bitcoin has broken through the previous high of 3029 and created a higher high. As long as the pullback does not break below 2937, the second Bitcoin will continue to push upwards, and the meeting will adjourn.
