December 30 Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing


From the current market situation, the 4-hour chart shows that Bitcoin is consolidating at a low level with sideways movement. After a rebound to around 87,950 during midnight, it pulled back. The overall trend is weak, which aligns with our high-altitude short-term strategy from last night. If there are real trades, some small profits can be taken. On the 1-hour chart, Bitcoin is currently rebounding with two consecutive bullish candles, but the rebound is small and cannot be considered a reversal. The three moving averages continue to decline, MACD, with the fast and slow lines above the zero line and turning downward, with DIF crossing below DEA to form a death cross. The red energy bars continue to expand, indicating a weak trend. Overall, the current trading trend is clearly weak. Therefore, this morning, Lao Zhao still recommends continuing with last night's strategy of shorting on rebounds, with a stop loss set at the middle band around 88,000.
Bitcoin around 87,500 to 88,000 can be shorted, watch for 86,000.
Ethereum around 2,950 to 2,980 can be shorted, watch for 2,850.
ETH0,47%
BTC0,22%
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