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 short-term losses, 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 probability of success. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.21 Bitcoin Market Analysis Reference

Bitcoin's intraday trend continues to show a narrow range of fluctuations, with short-term movements being quite repetitive, and the price hovering within a thousand-point range. The intraday downtrend has temporarily eased, but the daily price level remains below the midline. If the rebound cannot break through, the price will be in a weak market. After testing the 88,000 integer level on the 2-hour chart, the price quickly rebounded, forming a long lower shadow, confirming strong support at this level. The price has now stabilized above the 2-hour EMA30 (87,806). Meanwhile, the daily line has closed above the EMA7 (87,873) for three consecutive days. The next focus is on the resistance at the 90,000 level. If it continues to stabilize above 88,000, there are signs of testing the 90,000 level in the future.

From the indicators' perspective, the 2-hour MACD's DIF line has crossed above the DEA line, forming a golden cross, but the histogram remains below the zero axis. The daily MACD histogram has turned positive, indicating short-term upward testing signs. Overall, from key support, moving average arrangements to multi-period momentum indicators, the market structure is shifting towards bullish. In the future, pay close attention to the resistance at 90,000 above and the support at 86,000 below. It is recommended to short on rebounds.

12.21 Bitcoin Short-term Trading Strategy Reference:

Short entry point 89,500-90,500, stop loss at 92,500, target below 88,500.

Long entry point 85,300-86,300, stop loss at 30 points, target above 87,500.

12.21 Ethereum Short-term Strategy Reference:

Short entry point 2,995-3,045, stop loss at 30 points, target below 2,950.

Long entry point 2,881-2,831, stop loss at 30 points, target above 2,930.

There may be delays in sending articles, and 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 effectively to secure profits.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) to get online technical learning, solutions for exiting positions, 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 provide analysis and guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive opinions, articles may have delays, risks are self-borne, and it is important to control 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 circle, no plagiarism, respect originality!

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