🦁12.10 Market Views.🦁
$BTC Views:
The price of Bitcoin has broken through 92450 with significant volume, closing above 92450 on an hourly basis for a right-side long position, recovering the stop loss.
If it falls below 92045 with significant volume and fails to recover, take a right-side short position, recovering the stop loss. Be mindful of changes in volume and maintain proper stop losses.
If it breaks down to 91386 and then recovers, take an additional long position. If it breaks below 90299, set the stop loss.
If it can't recover, do not go long.
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Bitcoin has established a strong breakthrough at the hourly level at 92667 and is expected to rise to 93589-94153. If it breaks 92667, it will continue to soar.
When shorting Bitcoin, be cautious as there is a 2b false breakout at 94341 for a short position. If it stabilizes above 95599, set the stop loss.
For conservative traders: long at 89600, stop loss at 88901.
Bitcoin has broken the wedge and surpassed the previous high, creating a new high. The volume indicated by the white arrow corresponds to how many shorts were wiped out by the two candlesticks. The market initially gives a shaky illusion, followed by two strong candlesticks pushing the price up. The upper boundary of the wedge now serves as support; as long as it does not fall back into the wedge, a lower low will not occur. If it consolidates well, there is still momentum to push upwards with key resistance at 96000. If it falls back into the wedge, it will test the support at 89625 again. Testing 89625 may not hold, as this support has been tested too many times and is weakening.
Today, pay attention to whether the upper boundary of the wedge near 91500 can hold to continue rising; if it cannot hold, it will go down.
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Upper resistance: 92667-93589-94153
Lower support: 91484-90283-89625
4-hour level: if it breaks 92258, look down to 91329-90283.
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$ETH Thoughts:
The price of Ethereum has broken through 3315 with significant volume for a right-side long position, recovering the stop loss.
If it falls below 3291 with significant volume, take a right-side short position and maintain the stop loss.
When it tests 3240, confirm effective support for an additional long position,
If it breaks 3194, set the stop loss.
Ethereum has stabilized at the hourly level at 3334 and is expected to rise to 3378-3456.
Be mindful of a potential short position at 3423,
If it breaks 3456, set the stop loss.
Left-side pin orders: long at 3180, stop loss at 3131.
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Upper resistance: 3334-3378-3456
Lower support: 3239-3182-3129
4-hour level: if it breaks 3247, look down to 3180-3132. Ethereum is moving in a wide price channel; as long as it can stay above 3226, it will likely attempt to touch the previous high or even create another high. If 3226 cannot hold, 3157 and the lower boundary of the price channel are waiting for you. Meeting adjourned.
