12.23 Evening Analysis of Bitcoin and Ethereum Thought

There are no teachers who earn forever, and no strategies that win steadily! Old Wang's morning thought has once again deviated, and the overall cryptocurrency price trend has gone in the opposite direction of Old Wang's expectations. The live price orders given to everyone in the morning and Old Wang's actual positions unfortunately hit losses.

Old Wang is also studying the market, and the morning's live price orders and actual positions were based on the increase after the Asian stock market opened. Unfortunately, the cryptocurrency market did not follow suit with an increase. Subsequently, the stock market experienced fluctuations, with technology stocks partially retreating and falling, and the cryptocurrency market also experienced some adjustments. Fortunately, strong support below held up, leading to a rebound.

As for the subsequent market trends, there will be the release of the initial value of the annualized quarterly GDP for the third quarter and the initial value of the annualized quarterly core PCE price index tonight. Although these do not have as significant an impact on the cryptocurrency market as non-farm data, everyone still needs to pay attention to the layout this evening to guard against market fluctuations.

Old Wang's thought for the evening has currently turned bearish. From a technical perspective, the 4-hour level has seen two consecutive bearish candles last night, causing the price to drop from the upper Bollinger band to the middle band and then show a slight rebound. During the day, it has again produced two consecutive bearish candles testing the support below. Overall, from a technical perspective, after testing the support below, there will be a slight rebound, and everyone can choose the right time to layout.

From the news perspective in the evening, if it goes according to the expected values, it will be beneficial for the dollar. A strengthening dollar will lead to a decline in selling pressure in the cryptocurrency market, but everyone still needs to observe the specific situation on the charts. Old Wang is giving a bearish outlook here.

Operation Suggestions:

Bitcoin 88000-88500 short, looking down to 86500

Ethereum follows the trend of Bitcoin, can layout short orders at 3000-3030, looking down to 2880$ETH #比特币流动性