When the direction is right, don't be afraid of the long road. Use time to witness strength, win the future with strength, let trust become profit, and use profit to address doubts. Remember not to act impulsively in trading; the market is known to rectify all kinds of discontent, and you might miss many opportunities. If you have these worries, why not try to follow Old Wang's rhythm.
Old Wang's strategy this morning showed a counter-trend movement. The price of the coin faced pressure again after touching the strong resistance level of 89000, falling back by 2000 points in the afternoon. Afterwards, it experienced a slow rebound, and in the evening, after dropping to the day's low of 86500, it regained its ground, followed by another round of tug-of-war between bulls and bears. The ETH trend is basically in line with BTC, having touched a high of 3035 in the morning before declining, reaching a day's low of 2899 in the evening.
Lao Wang's intraday layout is also a back-and-forth operation of bulls and bears. Unfortunately, due to the early morning Asian market opening rise, it failed to push the coin price past strong resistance above, but instead fell back under pressure, causing an early morning position to be lost. Fortunately, the subsequent back-and-forth operations can also recover the losses. Although the points gained during the day are not particularly large, the frequency and win rate can compensate for it, allowing us to gain something in this tug-of-war market between bulls and bears.
In the evening, there will also be a live broadcast with real-time positions. After getting good points, I will give the friends in the live broadcast room the current price order ideas, all of which are fully profitable!
For friends who haven't kept up yet, as long as you need it and want to catch up, you can contact Lao Wang anytime. I firmly believe that if you have funds and execution ability, I have strategies and win rates, we can certainly seize a good opportunity before the New Year!
Regarding the subsequent strategy, Bai Pan estimates that market fluctuations will not be large, and Wednesday night is Christmas Eve. However, we need to be wary that Christmas Eve may not be 'peaceful', so it is best for everyone to respond cautiously to market conditions. Lao Wang continues to provide bearish thoughts here.
From the current market situation, the short-term market is caught in a stalemate between bulls and bears. After two consecutive days of bearish adjustments on the 4-hour level, it shows a fluctuating consolidation pattern of alternating yin and yang. Prices continue to be constrained by the middle and lower bands of the Bollinger Bands, with bulls attempting to break through multiple times without success. The selling pressure above and support below form a stage of fluctuating box. Although bulls have tried to challenge the middle track pressure, based on volume structure analysis, the probability of effective breakthrough is low. The market is likely to continue the fluctuating rhythm, maintaining a horizontal consolidation in the middle and lower track range. Switching to the 1-hour cycle for observation, after a technical rebound, the bullish candlestick has a long upper shadow, highlighting the strength of selling pressure above. Subsequently, prices again faced pressure and fell back. Until the box range is materially broken, it is recommended to maintain a buy low and sell high strategy, dynamically grasping the rhythm of the range fluctuations.
Operation suggestion:
$BTC Bitcoin 86000-90000 buy low and sell high
$ETH Ethereum follows Bitcoin's trend, and you can buy low and sell high in the range of 2880-3100.
