12.24 midnight Bitcoin and Ethereum trading suggestions and directional sharing
The market flows like the tides, alternating between the surging summer and the silent winter. The prophets, like helmsmen, firmly grasp the direction, while retail investors are often caught in the whirlpool when the tide turns. In the afternoon, Bitcoin has been fluctuating within a narrow range, with little movement, which is why we did not find a suitable opportunity to execute our plan in the afternoon, so there was no update in thinking. Only in the evening did we provide a downward probe. Our Bitcoin at 87100 and second coin at 2940 near the planned entry points achieved a perfect result, with Bitcoin gaining over 600 points and the second coin gaining over 48 points. After a long wait, we finally achieved our expectations.
From the current market perspective, the 4-hour level shows that the market is still within a downward space, continuously testing the lower points. There was an interest from bulls to break this trend, but overall momentum is weak. The rebound before the strong downward trend can only be regarded as an overall correction, providing a buffer opportunity for continuous downward probing. Currently, the band expansion is not evident; the middle track continues to decline with the lower track. In the short term, the market shows a two-candle bearish engulfing trend, indicating that the short-term bullish trend will continue. At the 1-hour level, the market has seen consecutive bullish rebounds, but before reaching the upper resistance level, it strongly retraces, further indicating insufficient short-term momentum. Although the lower points are continuously refreshed, the entire downward channel has been completely opened. Therefore, before a strong upward stretch in the short term, it is still recommended to focus on rebound strategies for subsequent planning.
Bitcoin can be traded around 87000 to 87500, watch for 86000.
The second coin can be traded around 2900 to 2930, watch for 2830$BTC $ETH #比特币 #以太坊 .
