Bitcoin rebounded, Ethereum slightly increased, altcoins remain unstable, will there be a breakthrough by Christmas? 🎄
Will this year's "Christmas market" arrive as expected?
After this week, the U.S. stock market will enter the most special golden week of the year. Following the market repair since last weekend, there has been a certain increase. The Federal Reserve just cut interest rates to provide some warmth, and many people might feel that this wave of Christmas bonuses is guaranteed.
But wait! If you think the Christmas market means buying blindly in December, then this could lead to significant discomfort during such times. The real Christmas market is actually a very precise seven-day window; it is not as the market claims a grand celebration, but rather a "stealth attack under thin liquidity."
At this time, what you need to do is engage in penetrating speculation, rather than following the market's so-called chasing highs and killing lows. Emotional trading should not be too heavy to avoid going too deep. Currently, since Japan's interest rate hike, there hasn't been a favorable decline, and the support level has not been broken, this rebound does not signify the start of dreaming about a bull market.
Returning to the market, the pre-Christmas rise leads the market, essentially showing a fluctuating operation. If the upper pressure is not broken, an effective upward trend cannot be identified. After all, the bottom support is still looking up at the rebound strength; if the pressure does not break, it cannot be considered a trend rebound, just normal market range movements, which should be handled as fluctuations.
The four-hour chart of Bitcoin shows a large bullish candle, and the technical indicators are all in bullish signals. However, in terms of market trends and operations, caution is still advised. The candlestick continues to form upper shadows, indicating insufficient bullish strength. For now, do not consider chasing highs; the daily line has not stabilized above the middle track, overall still around slight bearish conversion!
Intra-day Bitcoin is around the pressure area of 90500-91000 bearish. Even if there is a short-term breakout above the pressure, do not panic; the resistance at 92000 can be an opportunity to add positions. If it breaks 92, then consider the defense of the current position. Ethereum is bearish in the 3080-3100 area, overall synchronizing with Bitcoin will suffice.
There’s no need to elaborate too much on this month’s Bitcoin/Ethereum market; currently, there are no reverse loss orders. To cut a long story short, everyone is a witness. Finally, I wish all followers of 90 trading success…$BTC $ETH
Will this year's "Christmas market" arrive as expected?
After this week, the U.S. stock market will enter the most special golden week of the year. Following the market repair since last weekend, there has been a certain increase. The Federal Reserve just cut interest rates to provide some warmth, and many people might feel that this wave of Christmas bonuses is guaranteed.
But wait! If you think the Christmas market means buying blindly in December, then this could lead to significant discomfort during such times. The real Christmas market is actually a very precise seven-day window; it is not as the market claims a grand celebration, but rather a "stealth attack under thin liquidity."
At this time, what you need to do is engage in penetrating speculation, rather than following the market's so-called chasing highs and killing lows. Emotional trading should not be too heavy to avoid going too deep. Currently, since Japan's interest rate hike, there hasn't been a favorable decline, and the support level has not been broken, this rebound does not signify the start of dreaming about a bull market.
Returning to the market, the pre-Christmas rise leads the market, essentially showing a fluctuating operation. If the upper pressure is not broken, an effective upward trend cannot be identified. After all, the bottom support is still looking up at the rebound strength; if the pressure does not break, it cannot be considered a trend rebound, just normal market range movements, which should be handled as fluctuations.
The four-hour chart of Bitcoin shows a large bullish candle, and the technical indicators are all in bullish signals. However, in terms of market trends and operations, caution is still advised. The candlestick continues to form upper shadows, indicating insufficient bullish strength. For now, do not consider chasing highs; the daily line has not stabilized above the middle track, overall still around slight bearish conversion!
Intra-day Bitcoin is around the pressure area of 90500-91000 bearish. Even if there is a short-term breakout above the pressure, do not panic; the resistance at 92000 can be an opportunity to add positions. If it breaks 92, then consider the defense of the current position. Ethereum is bearish in the 3080-3100 area, overall synchronizing with Bitcoin will suffice.
There’s no need to elaborate too much on this month’s Bitcoin/Ethereum market; currently, there are no reverse loss orders. To cut a long story short, everyone is a witness. Finally, I wish all followers of 90 trading success…$BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
88,034.89
-1.37%
ETH
2,952.36
-2.65%