Zhou Yanling: Bitcoin is just one step away from breaking the historical high on December 14, while Ethereum is consolidating at a high level, beware of the risk of a pullback
Since the sharp drop on the 6th, the market has been in a large range of fluctuations until now. Strictly speaking, it has not completely broken out of the trend, so if you insist on looking for a huge trend in the recent market, isn't that like looking for silver in a place where there is none? Therefore, it's normal for you to incur losses. It can only be said that the price and technical aspects have broken through the previous trend line, but it has not reached the level of a trend break. This easily leads some people into a trap, such as the temptation to short. Including today's market, there is no need to look for any trend; you just need to analyze how much it will fluctuate within a certain range. Before breaking through 90,000, there won't be any so-called bearish trend because only when Bitcoin falls below 90,000 will it truly enter a deep adjustment mode. Many people may not understand what this means, but Yanling uses the Shanghai Composite Index to express it, and you should understand. So, do you get it? In the current market, you should continue to maintain a bullish outlook on the daily level without changing. As I said, don't be overly obsessed with bearishness; just look at the short term.
Looking at the weekend market, the recent K-line has been oscillating and consolidating within a relatively narrow range. The K-lines from yesterday and today show long lower shadows, indicating that there is still some buying support below. The current technical indicators show that the DIF is above the DEA, and the MACD histogram is positive, indicating strong short-term bullish momentum, but be aware that selling pressure may appear near previous highs. The RSI value is close to 60, in a neutral to strong area, and has not yet entered the overbought zone, indicating that upward momentum still exists. The 7-hour EMA (101707.2) and the 30-hour EMA (101003.1) are both trending upwards, and the 120-hour EMA (99836.8) also shows an upward trend, with the overall moving average system supporting the upward trend. Therefore, the daily operation still focuses on buying on dips, with support levels to watch at 99,000 and 97,000 on the hourly chart.
Bitcoin Trading Strategy for December 14:
Buy at 100200-100900, stop loss below 99500, target 103000-103600, continue to look for upward movement near 104500.
Sell at 103700-103100, stop loss above 104300, target 101500-100800.
Ethereum Trading Strategy for December 14:
Buy at 3760-3820, stop loss below 3700, target 3950-4000-4050, continue to look for upward movement near 4160-4200.
Sell at 4040-4000, stop loss above 4080, target 3900-3850.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively written and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on breaking even, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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