Article editing time 2023.12.20 10:55, all opinions do not constitute any investment advice! For learning and communication only

On this long trading journey, we are all apprentices, constantly exploring, making mistakes, and adjusting. The moments when we were once indecisive and hesitant were like stumbling blocks on the road, causing us to stumble. When we were young, we were always arrogant and confident, thinking that we had the world in our hands, fearless and moving forward. Because, apart from losing confidence, there is no real failure.

Market review:

Yesterday, the big cake first rose to around 43400 in the morning, and in the afternoon, the market fluctuated after pulling back to around 42800. Near the evening, the coin price slightly rose to around 43200 before coming under pressure and falling back. In the evening, the bears exerted force and the coin price fell all the way to around 41800 in the early morning. Currently, the coin price is running near 42200. The technical structure of the daily line chart shows frequent changes between bullish and bearish candlesticks, and the one-sided trend has not continued. Overall, the market is still running in a wide range of fluctuations. However, in terms of structure, the bears still have a certain advantage, and the trading volume fluctuates back and forth. The moving averages are running upwards. Structurally, the coin price still has a certain rebound space.

Market review:

Looking at the four-hour chart, after the candlesticks rose continuously, the market came under pressure and showed a bearish trend, with a clear display of a weak downward trend. The trading volume on the bullish side showed a slight reduction, and there were signs of a turning point in the moving averages. In the short term, there is also a certain demand for a rebound in the coin price. The wide range of market fluctuations and corrections are just preparations for the next rebound, so the main operation is still focused on buying on dips. Important macro events this week are concentrated on Thursday and Friday. At 9:30 pm on Thursday, there are GDP data and weekly jobless claims, and at 9:30 pm on Friday, there is the PCE inflation data, which is most important to the Fed. These data are the ones that will truly affect the important information for the Fed's decision-making and need to be closely watched. (For friends who are still confused in their operations, you may want to take a look at the strategies of Zhi Duoxing. Real-time guidance for 24 hours, the market volatility is relatively fast, and due to the impact of review timeliness, the main focus for the subsequent market trends is real-time layout in actual trading. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.)

Operation suggestions:

BTC: Long at 41500-42000, target 42800-43200

ETH: Long at 2140-2160, target 2180-2200

Disclaimer

The market changes rapidly, and the market fluctuates quickly. The entire article is based solely on personal speculation and does not have any reference value. Investment is risky, so entering the market should be done cautiously. Everyone should operate with a light position and not get carried away. I wish everyone abundant wealth! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to ask for advice.

The above content is created by Zhi Duoxing's public account. The advertisements at the end of the article and in the comments section have nothing to do with Zhi Duoxing.

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