Brothers! The cryptocurrency market on the morning of December 23rd, I would call it the 'friendly competition between bulls and bears'—back and forth without any clear advantage, in the end, no one gained much, and the spoils were evenly divided! But don't be fooled by this 'illusion of peace'; beneath the surface, currents are already stirring, and there's a high probability that the afternoon will bring a change!
Let's review the 'battle situation' from this morning: the large pancake started at 87872 and surged all the way up to a high of 88904. Unfortunately, 'the higher you stand, the harder you fall,' and it couldn't maintain its footing, quickly retracing to 87738. Now it hovers around 88000, like a lost child. The second pancake, on the other hand, fully embodies the 'tag-along' attribute, following the rhythm of the large pancake. After touching a bottom at 2961, it suddenly surged, gaining over a hundred points to 3035. Just when it felt victorious, it was knocked back down to around 2980.
Important alert! The following content is recommended to be saved and reviewed repeatedly! From the technical perspective of the four-hour level: First, the Bollinger Bands are currently in a horizontal running state without clear directional guidance, with prices tightly adhering to the lower middle band, indicating that the current market is in a consolidation phase; Second, the MACD indicator has shown a critical reversal, with the dual lines forming a death cross in the strong area above the zero axis, which is a strong bearish signal, meaning that the upward momentum has exhausted and bears are beginning to counterattack; Third, the KDJ indicator is in a bearish arrangement and is accelerating downward, further confirming that bears are about to dominate the market trend. These three indicators corroborate each other, and it can be concluded that the afternoon's market will likely lean towards bearish.
I also tried a little this morning, first doing a long position at 88408, but ended up being stopped out at 87837, losing 571 points. One learns from mistakes, so I quickly reversed and went short, and I am still holding this position. In a situation where the trend is about to reverse, the worst thing to do is to go against the trend, so my operational thought for the afternoon is very clear: short at highs!
Specific operational reference (personal opinion, risk is self-borne): The large contract can be shorted in the 88000-88500 range, with a short-term target of 87500. If it effectively breaks below, it can continue to look towards around 86500; the second contract can be set up for short positions in the 2970-3000 range, initially looking at 2950, and after a breakout, consider around 2840.
The market fluctuations at the end of the year are large, there are many opportunities but also high risks, so everyone must control their positions and not blindly follow the trend! If you think my analysis is reliable, give a follow so you won't get lost. I will be monitoring the market closely this afternoon, and any wind or grass movement will be notified in the comments immediately! What are your plans for the afternoon? Are you going to short with the trend like me, or do you have other ideas? Let's discuss in the comments and learn from each other! If you currently feel helpless and confused about trading and want to learn more about cryptocurrency-related knowledge and the latest information, follow me @标哥说币 .
