12.08 Night Bitcoin Ethereum Thoughts
Previously mentioned, Bitcoin will remain bullish only if it operates above 89. Looking for a small-scale upward wave c, with a target of 96-97 for wave c.
On the 4-hour level, 89 is indeed holding up, although this spike is a bit long, there was a wave of super washout, and after the washout, the market will truly start.
Therefore, the viewpoint from 12.05 can continue, still looking at 96-97 above, but as time goes on, the points need to gradually decrease.
Tonight is 97, tomorrow night is 96, short-term pressure is at 93-94, with support still at 89.
Therefore, both support and resistance are there, and you can try placing orders.
Long positions at 89188-88188, cancel if it rises to 96 in advance.
Short positions at 97200-98200, points can be lowered tomorrow.
Aunt Tai is quite scary, directly testing the daily resistance trend line. If Bitcoin really reaches 96, Aunt Tai's trend line will surely break, looking at 3350-3450.
⚠️ The current market is neither up nor down, need to control the desire to open positions. I've only opened 2-3 positions in the past two weeks. In this kind of behind-the-scenes pure manipulation market, I think there's no need to open positions, just wait at key points.
⚠️ The next update will cover the extreme rebound position for the long term.
