Floating Bamboo in the Cryptocurrency Circle: Can the Short Position on 12.2 Bitcoin and Ethereum Continue? Latest Market Analysis and Trading Strategies

CN
1 hour ago

Self-discipline hides infinite possibilities in life, and its depth also measures the height of life. Every step of deep cultivation has its own echo; the more disciplined one is, the farther they go. I am Fuzhu, deeply engaged in analyzing mainstream cryptocurrency trends, breaking down market logic with professional expertise, and providing pragmatic trading ideas.

Trading in the cryptocurrency market is not an overnight effort, but a long-term practice that requires patience. Do not let short-term gains and losses disrupt your strategy. As long as the direction is firm and the timing of trades and market fluctuations are accurately grasped, the win rate will steadily improve. Investment is also a journey of growth, and I hope to encourage fellow cryptocurrency friends: improve while operating, review and reflect on gains and losses, deepen risk awareness, and calibrate mental coordinates, so as to calmly avoid risks and grow into mature investors.

The foundation of trading is survival; profits are merely a natural reward. Before every trade, it is essential to examine the operational logic and the safety of the principal, refining and optimizing a personalized trading system. My advice may not help you get rich overnight, but it can guide you in the long run—only those who firmly establish themselves in the cryptocurrency market and persevere until the end can achieve their desires.

Remember, the darkest hour is just before dawn. On the road to pursuing your goals, you are never alone; I am willing to walk alongside you towards the light.

As of the time of writing, BTC is around 86443. After hitting a low of 80600, BTC began to oscillate upwards, repeatedly inducing shorts before rising to wash out positions. It consolidated around 91000 for a few days, which is also a strong resistance level. Although the fluctuations were small, the volume increased. Taking advantage of negative news, the bears exerted force again, directly reversing nearly a week of gains. As mentioned in previous articles, it is difficult for bulls to continue if they cannot break above the 100,000 mark. Currently, we are watching the support at the previous low of 80600; if it effectively breaks down, we could see 76500. Friends with short positions can hold a portion to bet on new lows.

Daily level: The MACD indicator maintains a convergence of DIF and DEA, with the height of the green bars continuously shortening compared to the previous three trading days, indicating a weakening trend in bullish momentum. The KDJ has formed a downward dead cross, and the Bollinger Bands are beginning to narrow, with the K-line closely following the middle Bollinger Band, indicating significant pressure at the mid-band. 4-hour level: The MACD red bars are shrinking, and DIF shows a tendency to cross above DEA, indicating an increase in short-term rebound strength. The Bollinger Bands are opening up, constrained by the middle band at 89100.

BTC trading suggestions: Light short near 88300, target 87000-85000. Light long near 84000, target 86000-88000. Market conditions are ever-changing; specific operations should be based on real-time strategies.

ETH trading suggestions: Light short near 2860, target 2800-2760. Light long near 2750, target 2790-2830. Market conditions are ever-changing; specific operations should be based on real-time strategies.

Disclaimer: The above content is purely personal opinion; strategies are for reference only and should not be used as investment basis. Any risks taken are at your own discretion.

This article is exclusively provided by Fuzhu in the cryptocurrency circle and represents only Fuzhu's unique perspective. Please indicate the source when reprinting. Manage your positions reasonably when trading, and avoid heavy or full positions. May my analysis serve as a lighthouse in the vast sea of the cryptocurrency market, guiding you on your journey.

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