Good evening everyone, I am Xin Ya. The market has punished my indecisiveness these past few days, while also punishing those who chased the breakout.

After a week of consecutive losses, my capital has been worn down, and I started to extend my positions, only to incur further losses after turning bullish. The entire week has been a mess with the contrary indicators. However, the market is always right. At the divergence point, why do the contrary indicators oppose the opinions and actions of the main players? What are they thinking? If we cannot understand this, the contrary indicators will continue to appear in the future.

After consecutive losses, my previous self would definitely return to the main bearish route. Essentially, this week, Bitcoin has only completed a rebound and has undergone a correction. This kind of market behavior has occurred multiple times in December, with the first half still pulling upwards. Therefore, today, I am making a contrary decision based on my past subjective judgment and will go long first. With the logic of trying to break even for the trapped long positions and the profit-taking from the high shorts, we will first look at the previous resistance around 89500-90500 as a divergence for the rebound.

I suggest that long positions around 89500-90500 for Bitcoin can be entered with confidence. Those who were previously trapped and have a high margin for error can consider adding to their positions, while those with no positions can enter directly. For Ethereum, the corresponding range is 3080-3100. We are still looking towards 92500, which is the acceleration zone after the previous rebound extension and the breakdown. Currently, it does not meet the conditions to turn into resistance. The pressure is defaulted to look towards the previous high of 94800. As for Ethereum, conservatively, we look at 3180, depending on whether the market provides a divergence point for breaking even. If it does, there is a chance to push up to 3215.

If the market reaches 91500-91800 and there is significant selling pressure, we will consider the possibility of the resistance moving down. As for the entry point when we previously went long, if we return here, we can consider reducing our positions. Let's keep the stop-loss range a bit wider for now. After consecutive mistakes, adding to positions is a last resort. For those who haven't exited yet, consider pulling back, and use this opportunity to reduce the bottom of your positions a bit.

Official Account: Xin Ya Lun Chan

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