🐳12.24 afternoon market viewpoint.🐳
$BTC viewpoint:
The large coin breaks through 87557 with significant volume, closing above the 87557 hourly level. Enter long on the right side and set a stop loss.
If it breaks below 87397 with volume and fails to recover, enter short on the right side and set a stop loss. Pay attention to volume changes and manage your stop loss.
If it retraces to 86601 and shows a false breakdown, add one more long position. Set a stop loss at the false breakdown low or below 85895.
If it doesn't recover, do not go long.
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The large coin has broken through and stabilized above 87858, looking up to 88411-88963. If it cannot break 87858, it won't rise.
When shorting the large coin, watch for a 2b false breakout at the upper level of 88963 and short one position. If it breaks and stabilizes at 89638, set a stop loss.
Conservative players wait: long at 85160, stop loss at 84151.
The bearish flag pattern drawn on the large coin chart, if it cannot break through, will definitely break down. It currently has hints of breaking down, and the yellow box indicates a potential evening star formation. Since the hourly K-line hasn’t completed, it can only be considered a potential evening star. If the hourly level closes with an evening star, it will 100% retest the support at 86662 below. This will be the fourth retest of the 86662 support; can it hold? Look at the red arrow pointing to this bearish line, which has a low price already below the minimum price indicated by the left yellow arrow of those two K-lines. A new low has formed, but it hasn’t created a new high, so when it tests 86662 again, it will definitely break down. The most significant support below 86662 is 85070.
To stop the current slow decline, it must stabilize at 88135, otherwise, it will be of no use.
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Upper pressure 87858-88411-88963
Lower support 86662-85070-83487
4-hour level 86913 breaks down looking down at 86076-85091.
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$ETH thought:
The second coin breaks through 2956 with significant volume, enter long on the right side and set a stop loss.
If it breaks below 2936 with volume, enter short on the right side and manage your stop loss.
If it retraces to 2885 and confirms effective support, add one more long position,
Set a stop loss below 2841.
The second coin stabilizes at the hourly level of 2973, looking up to 3001-3037.
Watch for a short position at 2973 on the second coin,
If it breaks 3001, set a stop loss.
Left side spike order: long at 2810, stop loss at 2772.
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Upper pressure 2973-3001-3037
Lower support 2904-2840-2806
4-hour level 2903 breaks down looking down at 2849-2789, please see the comment section.
