Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve 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 gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.23 Bitcoin Market Analysis Reference

As mentioned in the previous article, Bitcoin's market yesterday followed the expected upward test, with prices breaking through the 90,000 mark. However, the subsequent bullish supply was insufficient, and the trend did not stabilize for further upward movement. The price retracted again during the day, and the focus remains on the resistance around the 90,000 line above. Without a breakthrough, the adjustment will continue. I hope all cryptocurrency friends do not blindly chase after the market, and be cautious of the price being pressured to retract again.

From the short-term hourly chart, the Bollinger Bands are narrowing. From the daily level, on December 12, the price fell from 92,630 to 89,895 with a large bearish candle, indicating a short-term top reversal pattern. The current price is repeatedly contested near the 90,000 round number, forming a doji star pattern of indecision between bulls and bears. On the 2-hour level, the price fell from 90,599 to 90,048, forming a series of bearish candles and a short-term descending channel, while continuously facing resistance from EMA7 (90,152), EMA30 (90,677), and EMA120 (90,830). Meanwhile, the MACD indicators are all below the zero axis, with the 2-hour level showing a green histogram of -46.6, indicating a weak short-term trend. Pay attention to the resistance near the 90,000 line above, and the support at the 87,000 position below, followed by the 85,000 line. It is recommended to focus on short positions during rebounds.

12.23 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 87,300-86,300, stop loss at 500, target above 88,300.

12.23 Ethereum Short-term Strategy Reference:

Short entry point 3,095-3,045, stop loss at 30 points, target below 3,000.

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; regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

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 strategy advice.

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 mainly 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, articles may have delays, risks are self-borne, manage your positions reasonably, and avoid 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, sharpen your skills, 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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