Bitcoin rebounds, Ether slightly rises, altcoin base is unstable, will there be a breakthrough by Christmas🎄?
Will this year's "Christmas rally" arrive as scheduled?
After this week, the U.S. stock market will enter the most special Golden Week of the year. Following the market recovery last weekend, there has been a certain rise in the market. The Federal Reserve has just lowered interest rates to provide some warmth, and many people will feel that this wave of Christmas bonuses is secure.
Hold on! If you think that the Christmas market means making a last-minute buying spree in December with your eyes closed, then this is likely to make you extremely uncomfortable. The real Christmas market is actually a very precise seven-day window, which is not as the market claims a universal celebration, but rather a "sneak attack under thin liquidity."
At this time, what you should do is engage in penetrative gaming, rather than following the market's so-called trend of chasing rises and cutting losses. Emotional trading should not be too heavy, to avoid being too deep. Currently, after Japan's interest rate hike, there has not been a very ideal decline, and the support at the lows has not been broken through. This round of rebound is not the beginning of your dream about a bull market.
Returning to the market, the rise before Christmas leads the market. Essentially, it means to operate in a volatile manner. If the upper pressure cannot be broken, an effective upward trend cannot be established. After all, the bottom support is still looking up at the rebound strength. If the pressure is not broken, it cannot be defined as a trend rebound, but merely as normal market fluctuations. At this time, it should be handled as volatility.
The four-hour chart for Bitcoin shows a strong bullish candle, and the technical indicators are all signaling a bullish trend. However, in terms of market movement, caution is still advised in operations. The candlestick continues to form upper shadows, indicating insufficient bullish strength. For now, it's best not to consider chasing highs, as it hasn't stabilized above the middle band on the daily chart. Overall, it is still a slight shift towards bearish.
The daily Bitcoin is short around the resistance zone of 90500-91000. In the short term, even if it breaks above the resistance, there is no need to panic. Adding positions at the point of 92000 is possible, and if it breaks 92, then consider defending the positions held. Ether is short in the 3080-3100 zone, just synchronize with the overall Bitcoin.
The market for Bitcoin/Ether this month doesn't need much discussion; currently, there are no reverse loss orders. To keep it short, everyone is a witness. Finally, I wish all 90 fans a smooth trading experience…#2025你关注哪些赛道? $BTC
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Bitcoin rebounds, Ether slightly rises, altcoin base is unstable, will there be a breakthrough by Christmas🎄?
Will this year's "Christmas rally" arrive as scheduled?
After this week, the U.S. stock market will enter the most special Golden Week of the year. Following the market recovery last weekend, there has been a certain rise in the market. The Federal Reserve has just lowered interest rates to provide some warmth, and many people will feel that this wave of Christmas bonuses is secure.
Hold on! If you think that the Christmas market means making a last-minute buying spree in December with your eyes closed, then this is likely to make you extremely uncomfortable. The real Christmas market is actually a very precise seven-day window, which is not as the market claims a universal celebration, but rather a "sneak attack under thin liquidity."
At this time, what you should do is engage in penetrative gaming, rather than following the market's so-called trend of chasing rises and cutting losses. Emotional trading should not be too heavy, to avoid being too deep. Currently, after Japan's interest rate hike, there has not been a very ideal decline, and the support at the lows has not been broken through. This round of rebound is not the beginning of your dream about a bull market.
Returning to the market, the rise before Christmas leads the market. Essentially, it means to operate in a volatile manner. If the upper pressure cannot be broken, an effective upward trend cannot be established. After all, the bottom support is still looking up at the rebound strength. If the pressure is not broken, it cannot be defined as a trend rebound, but merely as normal market fluctuations. At this time, it should be handled as volatility.
The four-hour chart for Bitcoin shows a strong bullish candle, and the technical indicators are all signaling a bullish trend. However, in terms of market movement, caution is still advised in operations. The candlestick continues to form upper shadows, indicating insufficient bullish strength. For now, it's best not to consider chasing highs, as it hasn't stabilized above the middle band on the daily chart. Overall, it is still a slight shift towards bearish.
The daily Bitcoin is short around the resistance zone of 90500-91000. In the short term, even if it breaks above the resistance, there is no need to panic. Adding positions at the point of 92000 is possible, and if it breaks 92, then consider defending the positions held. Ether is short in the 3080-3100 zone, just synchronize with the overall Bitcoin.
The market for Bitcoin/Ether this month doesn't need much discussion; currently, there are no reverse loss orders. To keep it short, everyone is a witness. Finally, I wish all 90 fans a smooth trading experience…#2025你关注哪些赛道? $BTC