Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
12.19 Bitcoin Market Analysis Reference
In yesterday's article about Bitcoin, it was mentioned that the intraday trend would maintain a weak oscillation, and one should be cautious of the price breaking below the key support level of 85,000, which would lead to further declines. Currently, the trend is running as expected, with the price breaking down and approaching the low of 84,400. The oscillation range has been broken, and the trend is leaning towards continued weakness. The focus now is on the support at 84,000.
From the 4-hour chart, the price quickly rebounded to 85,600 after forming a long lower shadow near 84,450, indicating significant short-term buying support in that area. Although the daily line has closed in the red for three consecutive days, the K-line on December 16 formed a single needle bottom after reaching a low of 85,266, and subsequently established a bullish engulfing pattern, releasing signals of local stabilization.
From a technical indicator perspective, the 4-hour MACD shows that DIF (-733) and DEA (-724) are continuously sticking together below the zero axis, while the 1-hour MACD histogram has expanded to -531, indicating an accelerating downward trend. In terms of trend indicators, the price is currently constrained by the EMA7 moving average (86,344) and is forming a bearish arrangement with the EMA30 moving average (87,562), remaining in a weak adjustment structure overall. It is recommended to focus on short positions during rebounds.
12.19 Bitcoin Short-term Trading Strategy Reference:
Short position entry point: 88,300-89,300, stop loss at 92,500, target below 87,500.
Long position entry point: 83,300-84,300, stop loss at 500, target above 85,500.
12.19 Ethereum Short-term Strategy Reference:
Short position entry point: 2,895-2,945, stop loss at 30 points, target below 2,850.
Long position entry point: 2,781-2,731, stop loss at 30 points, target above 2,830.
The article may be sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly to secure profits.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free exit strategies.
For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
Exclusive opinions, the article may be sent with a delay, risks are self-borne, and it is important to manage positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin from the cryptocurrency community, refusing plagiarism and respecting originality!
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