12.29 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
3 hours ago

On the daily level, Bitcoin has formed a bullish K-line cross, but after testing the resistance level at 90,000, it has continued to pull back, creating an upper pin bar pattern. The repeated tests here have failed to break through, indicating that the pressure remains quite strong, with support at 87,000. Ethereum has similarly tested the resistance level at 3,030 before continuing to pull back, with support at 2,900!

On the 4-hour level, Bitcoin is still operating within the range of 90,000-86,500. After a second attempt to rise to 90,000, it has started to pull back. If it breaks below 86,500, we can look for 84,500; if it breaks above 90,000, we can look for 94,500. Ethereum is also operating within the range of 3,030-2,900. After a second attempt to rise to 3,030, it has started to pull back. If it breaks below 2,900, we can look for 2,770; if it breaks above 3,030, we can look for 3,230!

Currently, the market is still operating within a range. Personally, I believe the overall trend is still bearish, and I recommend shorting at high levels in future operations!

Trading Strategy:

Short Bitcoin at 88,000-88,500, with a target of 87,000-86,000, and a stop loss above 89,500;

Short Ethereum at 2,970-3,000, with a target of 2,880-2,780, and a stop loss above 3,060;

The strategy is time-sensitive, and specific guidance should be based on real-time private advice!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading strategies!

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