12.28

Hello everyone, good afternoon. I am a trader who dies as soon as I open a position.
Let's simply review last week's performance. After Bitcoin attempted to rise to 90500 on Monday and faced continuous pressure, a central zone formed around the candle on the hourly chart with the EMA lines attached. It can be observed that the market mainly fluctuates around 87800, and the upper and lower ranges that it broke out of are within the previous range. On the upside, EMA120 and EMA144 on the hourly chart are around 87800, and EMA7 and EMA30 are around 87500.
For the four-hour chart, EMA120 and EMA144 are around 88800 and still trending downward, having been tested multiple times as a pressure level, while EMA7 and EMA30 on the four-hour are between 87500 and 87800. Today, the market movement during the morning session was very narrow, with fluctuations not exceeding 600 points. This kind of performance often determines the trend from the end of the month to the beginning of the new month. Currently, the Bollinger Bands on the hourly chart have tightened, the middle average is not supporting, the KDJ indicator has formed a bearish crossover, and the MACD on the four-hour is dominated by the downtrend, while the upward trend on the hourly is weak. Even on the 15-minute chart, there are warnings, and everything indicates weak bullish buying.
Due to repeated pressure this month, the downward trend is dominant, but the shape and structure lack enough momentum, and there are no conditions for a price increase at the moment. In the short term, foreign currencies and precious metals are attracting large capital. At this level, the market needs to push a downward wave to attract support forces. Therefore, the closest scenario is a bearish fluctuation around 87500. It is also easy to liquidate any rebound attempt at 86800.
Thus, we can enter a sell position at 87800, set the re-centering zone between 88450 and 88750, and place a stop loss at 89450.
First, we look at 85800, and if it breaks, we monitor 83800.
For the lower support, a conservative approach can be taken in the second zone, but the market may find it difficult to provide an opportunity.
Ethereum's movement exactly follows Bitcoin's, with very narrow daily fluctuations, and the range between rise and fall does not exceed 20 points.
We can mirror Bitcoin, enter a sell at the current price of 2930, and add a buy at 2968, with a stop loss at 2972. Due to the narrow fluctuation range, we first monitor 2880.
Bitcoin may fluctuate between 86500 and 87500, focusing on selling and being cautious of rebounds. Ethereum, due to many buy orders at 2900 to protect the price, but its performance is not good, so after breaking below, it is easy to drop to around 2860. Therefore, caution is needed when attempting a rebound. $BTC #BTC行情分析 ‌$ETH #ETH走势分析 ‌$ETH ‌