The analysis is done and I'll be on holiday for the New Year, wishing everyone a Happy New Year in advance 🎊🍾🎊🎆 Overall Idea: There is a pullback in the 63-65 area below the key position of the large pancake, and the important resistance level above is in the 72-74 area. The extreme resistance level should not be reached during the New Year period, which is in the 82-84 area. These ideas are all general thoughts, excluding news factors; short-term references are not available!
Today the market analysis has thoroughly put me on vacation, and I would like to wish everyone a Happy New Year in advance 🎊🎊🍾 Overall idea: There hasn't been significant news driving the market for about 2 weeks, and the market has basically stabilized around 1730. However, if 2150 is not broken, there is a need for the market to pull back to the 18–19 area. You can go long at the low levels, and the resistance levels at high levels are 2150–2480–2800. Everyone should align with the knowledge points they have learned during this short-term period, as I will basically not be trading during the New Year.
In the morning, regarding the short position below 67000 explained in the previous session, it is also possible to gradually exit or set a breakeven stop while aiming for profit. Pay attention to the operation method.
The high position short given yesterday, today the big pie still has no point, the extreme stop loss is around 67000, try to short as close to this position as possible, and set the position based on the loss. The market risk is very high, it is better to refrain from operation conservatively than to use leverage. Currently, there are still no signs of stabilization in the market, let's see if any signals come out in the evening!
The current market is still not stable, and it still needs time and process at the bottom; it doesn’t seem like it will stabilize so quickly. Each rebound is relatively weak, and entering long positions is just fuel. Everyone must control their positions for short positions, and also set stop losses for their positions. Try to operate with Bitcoin. Ethereum currently doesn’t have a significant stop loss; I won’t provide specific levels, as I need to observe for a while. Specific situations will be given accordingly!
The current market still hasn't stabilized; it still needs time and process below. The bottom doesn't seem to stabilize this quickly. Each wave of rebound is relatively weak, and entering long positions is just fuel. Everyone must control their positions on short trades, and definitely must set a stop-loss for their positions. Try to operate with Bitcoin, as Ethereum currently doesn't have a large stop-loss; I won't provide specific levels.
There will be no broadcast tonight due to personal matters. I personally suggest to minimize trading and observe more. Try to stabilize your hands, and if you really can't stabilize, just lower your position a bit.
We must respect the market. Many big players who have been in the market for over 5 years have been buried in this wave of market fluctuations. Large funds should definitely not enter contracts; it is really very unsafe! In fact, in the financial market, as long as our risk control is not good enough, the unexpected will eventually come, whether this year, next year, or later, or even 10 years from now! Therefore, a strong theoretical foundation + strict risk control is the most crucial.
Today I want to talk about this here. Friends who have a similar mindset to mine must pay attention to my entry into the fan group. You can directly enter the fan group through the pinned post on the square homepage. The market is very volatile. More often than not, the morning session is a judgment of the daytime market trends. If the daytime market does not meet expectations, we need to look at the U.S. stock market trends after it opens in the evening. Recently, the market has been greatly affected by macro factors. Many times, technically we can only take it step by step. Absolutely do not. Do not just listen to one statement and operate for an entire day or even a week. We should view the market objectively. This market is definitely not something that a small analyst can decide. We are all trying to survive in a tight space. We are just observing the market signals. Many times, there are no signals in the market, or the timing of the signals is uncertain. Recently, everyone should have felt this strongly. Any attempt to predict market trends can potentially be problematic. The first 10 preparations do not guarantee that the next one will be accurate. We must view things objectively.
The current Ether market also shows some signs of a short-term bottom gradually emerging, but it won't stabilize so quickly. It takes time for the short-term market to stabilize. It really takes courage to hold long positions. Personally, I suggest doing less and observing more, trying to keep steady. If you really can't hold on, just lower your position a bit.
The current market situation does not show a clear bottom or stabilization signals. We can only say that some signals have appeared, so long positions really rely on guessing and courage. Yesterday, in the analysis provided at the square, there was a short position around 78500, some followed it, some did not, and some exited early. Currently, this market is hard to grasp. What I can see is that from a long-term perspective, this is not the bottom for Bitcoin. From a short-term perspective, there are signs of gradual support. Personally, I suggest to take less action, as it is easy to wipe out profits! With the New Year approaching, it is better to observe more and act less.
The high-position short order given in the morning can be exited now for both Bitcoin and Ethereum! Today's market is a bit strong, let's make a small trade.
From a long-term perspective, Bitcoin should stabilize above 74500 in the short term. Confirming the turning point today will make it more certain. This afternoon, short Bitcoin near 78600, with a stop loss at 79500 and a take profit near 76500! In the evening, try to go long on Ethereum, or we can discuss based on the live broadcast later.
From the perspective of the market's downward trend, the decline has basically stabilized in the short term. However, there should still be a slight pullback during the day, with a target below of 2230. In the evening, we will observe if this position holds, and then we can enter long, with a stop loss at 2195. Moving forward, we need to engage in some range-bound trading! The rest will depend on the macro situation, which we will assess step by step.
Teacher Money once again accurately predicted the trend of the market
During the live broadcast, it was clearly pointed out that the decline method: continuous decline, not the sudden black swan type. Ethereum price point: around 2150-2200 This wave of Ethereum had too large a stop loss, so we chose Bitcoin, which also reached 7000 points before exiting.
Based on years of practical experience and keen market perception, the teacher reminded everyone in the live broadcast and various groups to make emergency plans. Therefore, how the market moves and where it goes has never relied on intuition or hearsay, but on a strong theoretical foundation and years of practical experience; pure theory is not enough, and having only practical experience without theory is also insufficient!
Short position exit in the short term, the 4-hour close should stabilize, but it is not enough to support a signal to enter a long position. I'm taking a break and will assess the situation tomorrow.