The high-level washout is still ongoing, when will the direction be determined!

CN
2 years ago

Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Thursday, December 21, 2023, and I am Yibo! We do not predict trades, but actually observe market fluctuations (narrowing, diffusion), structure (market batch structure), sentiment (external market US stocks, USD, etc.). As a trader, you (through trading) affect prices, and prices also affect your emotions and behavior as a factor.

In the current market, NFT transactions on the BTC chain continue to be hot, with the main trading volume coming from inscriptions. The BTC price remains strong, while SOL's market value has surpassed XRP, ranking fifth. The activity level on the SOL chain is second only to BTC, and SOL's trading volume mainly comes from South Korea. In addition, inscriptions on the AVAX chain are also relatively hot. Currently, the holdings of several major leaders combined exceed 100,000 people. In the secondary market, altcoins are generally rising, while inscriptions are starting to cool down, and funds are flowing back to the secondary market. This situation is quite common in a stock game market with existing funds, and it is unlikely to support the general rise of all tracks… So from a financial perspective, it is indeed not a bull market now. What is different from the bull market in 2021 is that the current market is mostly, and there are more tracks, so this round of bull market will require more additional funds!

BTC surged to around 44380 yesterday and then stagnated, with a slight retreat and currently oscillating and adjusting around 43800. The rapid rise last night relied on the support of the 10-day moving average, and the moving average band is forming support below. Oscillating upward during the day, the bulls rapidly increased their volume in the evening, and the daily candle closed with a long upper shadow line and a bullish candle. In terms of the hourly chart structure, yesterday's roller coaster market trend negated the expected range structure of 43500-40500, so the probability of Bitcoin oscillating during the day will be relatively high, and the short-term market has undergone significant changes. Therefore, the difficulty of operation will be very high, so for those who are stable in the short term, it is advisable to patiently wait for better entry points before taking action. In the medium term, this round of rebound did not break the high point, so it cannot be confirmed that the retracement has ended. Therefore, it is important to focus on whether the bulls will continue to increase their volume and break through at the end of the week. If not, the high point area this week will be a very good layout opportunity for short positions. It is recommended to focus on participating above 44000!

ETH attempted to break through 2250 again last night but failed once more, and then washed out. However, it can be seen that although there were three obvious washouts, the bottom is gradually rising, which is also a frequently occurring ascending triangle pattern, indicating that institutions are picking up positions at higher and higher levels. This accumulates greater strength for a breakout after 2250. Compared to recent performances such as BTC and SOL, ETH is really weak. It is expected that at the end of the year or early next year, ETH's performance in Cancun will be upgraded. From a technical perspective, on the daily chart level, the running channel is in a narrowed state, the midline is continuously rising, the price has recovered after a virtual position retracement, the selling pressure of the bears is blocked, and the moving average shows a meandering upward trend. The trend still maintains a strong bullish posture, but it takes time to adjust the space. Looking at the four-hour chart, the price virtually broke through the midline and then recovered and rose, opening up the running channel upwards. After the bull volume was released for the second time, it continued to maintain a rhythm of shrinking volume adjustment, and the moving average needs to meander during the upward process. In the short term, there is a weak pullback, and the overall strategy revolves around the oscillating box, conducting operations by selling high and buying low.

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If you are still in a state of confusion, don't understand the technology, don't know how to read the market, don't know when to enter, don't know when to stop loss, don't know when to take profit, randomly increase positions, get trapped at the bottom, can't hold onto profits, and can't seize the market when it comes. These are common problems among retail investors, but it's okay. Come to me, and I will guide you in making the right trades. A single profitable trade is worth more than a thousand words. Instead of frequent operations, it's better to be precise with each trade, making each one valuable. What you need to do is find Yibo, and what we need to do is prove that what we say is not empty. 24-hour real-time guidance, the market fluctuates quickly, and due to the impact of timeliness on review, for the subsequent market trends, real-time layout based on actual trading is the main focus. Coin friends who need contract guidance can scan the QR code below the article to add my public account

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