The cryptocurrency prices maintained a rollercoaster of volatility last week, with the bulls experiencing ups and downs; this week, the focus will be on the U.S. CPI data, non-farm employment data, and the Bank of Japan's interest rate decision, which are expected to bring significant fluctuations. It is hoped that we can break out of last week's volatile range, but it may be a bit challenging. Although the short-term market shows signs of range washing, there is still potential for a continuation of the breakout intention from last week, especially as the bears seem to be unsatisfied. Therefore, the bulls should remain cautious.
From a technical perspective, the daily chart of Bitcoin shows a recent overall downward trend. On the hourly chart, a slight rebound occurred between 19:00 on December 14 and 00:00 on December 15, but the rebound strength is very weak. The MACD indicator on the hourly chart is in a bearish state, with both DIF and DEA being negative and continuously declining, indicating a weak market in the short term. The daily MACD is also in a dead cross state, continuing the bearish trend. The RSI on the hourly chart shows a value of 23.24, close to the oversold range, which may indicate a technical rebound demand; however, the daily RSI remains low, indicating a weak trend. The EMA on the hourly chart shows a bearish arrangement with the 7-period moving average, 30-period moving average, and 120-period moving average, with prices running below all moving averages, indicating a bearish trend.
Zhou Yanling's Bitcoin trading strategy for 12.15:
1. Short at 90600-89600, stop loss above 91600, first target around 88000, second target around 86000.
2. Long at 86000-87000, stop loss below 85000, target 88000-89000.
Zhou Yanling's Ethereum trading strategy for 12.15:
1. Short at 3150-3100, stop loss above 3200, target 3020-2970.
2. Long at 2940-2980, stop loss below 2890, target 3040-3080.
[The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should refer to Yanling's real-time strategies.]
This article is an exclusive original share by senior analyst Zhou Yanling, who has been engaged in cryptocurrency market investment research for over ten years. Currently, he mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations, possessing solid theoretical knowledge and practical experience. He excels at combining technical and news-based operations, focusing on capital management and risk control, with a trading style that is steady and decisive, recognized by many investors for his easy-going and responsible character combined with sharp and decisive operations. $BTC $ETH