12.23 Monday Review and Subsequent Analysis of Bitcoin and Ethereum Ideas

Those who dare to explore the unknown eventually know the truth; those who retreat in prosperity always retain wisdom.

Old Wang's short selling idea this morning did not unfold as expected, the price has been gradually rising and continuously testing the upper resistance level, then after a pullback, it continues to look bullish. The evening opening of the US stock market also saw a drop after climbing high. Overall, the intraday market is still slightly bullish in the tug-of-war between the bulls and bears.

Despite the continuous slow rise during the day, Old Wang's bearish outlook still earned a lot, unfortunately there was a loss on a real position, but fortunately the subsequent losses were made back with some profit. A total of 5 BTC positions were set up during the day, yielding a total of 2423 points of space.

In the evening, I also took friends in the live stream to set up BTC short positions and captured around a thousand points of space, which is quite satisfactory.

From the current market perspective, the upward pressure has significantly weakened. Although the price has pulled back after reaching a high, it is inching up little by little, leading to a gradual decline in selling pressure.

From the current market view, on the 4-hour level, after the price fluctuated upward to the 90500 line in the morning, it immediately fell back, running in two consecutive bearish candles around 89700 while being squeezed at a high position. The long upper shadow on the real body indicates severe selling pressure in the short term. From the hourly perspective, the price has formed two consecutive bearish candles heading toward the middle Bollinger band; during the early morning period, the bearish trend is strengthening. If the price effectively breaks below the 88800 line in the short term, it will further open up downward space.

In summary, during the early hours of Tuesday, everyone can still high sell and low buy for short-term positions. Old Wang is here to provide a reliable bearish outlook; you can consider setting up positions after the price rebounds, and if it breaks down, continue to look downward.

Operational Suggestions:

Bitcoin 90000-90500 short, looking down to 88000

Ethereum 3070-3090 short, looking down to 2950$BTC #比特币与黄金战争