🍆On December 25th, midday market outlook.🍆
$BTC outlook:
The Bitcoin has broken through 87868 with volume, closing above the 87868 hourly level, continue buying on the right side and recover stop loss.
87502 has broken down with volume and failed to recover, continue selling on the right side and recover stop loss, pay attention to changes in volume and maintain stop loss.
86861 shows a false breakdown, recover for one more hand, stop loss at the false breakdown low or below 86058,
if it doesn't recover, don't buy more.
🍆
The Bitcoin has broken through and stabilized at 88146, looking up towards 88895-89586, it can only look up if it stabilizes at 88146.
When shorting Bitcoin, pay attention to the false breakthrough at 89586, short one hand, with stop loss if it stabilizes above 90638.
Conservative players wait: buy at 85286, stop loss below 83777.
Yesterday, Bitcoin quickly recovered after a false breakdown at the support of 86737, I must say this support at 86737 is really strong,
there have been so many downward wicks, yet none closed below 86737. After the false breakdown and recovery, the triangle was broken, and it broke the neck level at 87493, starting to rebound upwards.
Now Bitcoin is showing a W bottom on the hourly level, the neck level of the W bottom is 88137, breaking 88137 establishes the W bottom and can continue looking up at 88888-89533; if it can't break above 88137, no higher levels can be looked at. As long as the pullback does not drop back below 87493, just wait for it to slowly break upwards!
If 87493 is broken, it will go back to test the support at 86737 again, and to be honest, it can really be tough to hold,
because it has held many times before.
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Upper pressure 88146-88895-89586
Lower support 87493-86737-85632
On the 4-hour level, breaking 87517 looks downward towards 86769-86116.
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$ETH idea:
The second Bitcoin has broken through 2949 with volume, continue buying on the right side and recover stop loss.
2943 has broken down with volume, continue selling on the right side and maintain stop loss.
Pull back to 2906 to confirm support is valid for one more hand,
break below 2863 for stop loss.
The second Bitcoin has stabilized at 2962 on the hourly level, looking up towards 3002-3037.
Be aware of the upper level at 3037 for one short, with stop loss if it breaks 3078.
Left-side wick order: buy at 2831, stop loss below 2789.
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Upper pressure 2962-3002-3037
Lower support 2909-2880-2832
On the 4-hour level, if 2907 breaks down, look down towards 2856-2783; the bullish flag pattern for the second Bitcoin has been broken, as long as the second Bitcoin can maintain above the upper boundary of the flag, the corresponding price is 2900, it will not go back to the position indicated by the yellow arrow below, there is a chance to see 3000 for the second Bitcoin again, meeting adjourned.
$BTC
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{future}(BTCUSDT)
{future}(ETHUSDT)