To clearly see the current market trend, short-term observation is key. Long-term charts just show repeated fluctuations and don't reveal much. Instead of staring blankly at the long-term cycles, it's better to accurately pinpoint key levels and wait for the target price to appear. This trading method actually puts less pressure on you because the targets are set closer, and short-term trades often reach those targets quickly.
It is currently Christmas Eve and the Christmas season, and the market trading volume is obviously sluggish, so there is a high probability that there won't be any significant fluctuations this week. Either take a break for yourself or make a few small short-term trades, and don't get into anything too complicated.
**From a technical perspective on BTC**
The daily level shows a fluctuating downward trend. Yesterday, a bearish candlestick with long upper and lower shadows was formed, indicating a struggle for control between bulls and bears, but the bears have the upper hand. The hourly chart is fluctuating back and forth within the range of 86500 to 88000, with a rhythm of short-term rebounds followed by declines.
The MACD is still operating below the zero axis on the hourly chart, with both DIF and DEA being negative, and the histogram is still expanding, indicating a weak performance. However, the daily MACD is gradually approaching the zero axis, showing signs of stability. The hourly RSI has slowly climbed from an oversold level of 29.7 to 45.3, with limited short-term rebound momentum; the daily RSI is hovering around 40 and has not reached an extreme position. In terms of the moving average system, the hourly EMA has formed a bearish arrangement, with the price being pressured by EMA7; the daily EMA7 and EMA30 are diverging downwards, leaning towards a bearish short-term outlook.
**Operation Reference**
1. Short in the 89400-88500 range, set the stop loss above 90400, target 87000-86000. 2. Go long in the 85600-86500 range, set the stop loss below 84600, and target to reach 88000-89000.
**ETH Technical Analysis**
1. Go short in the 3020-2980 range, stop loss above 3060, target 2900-2865. 2. Go long in the range of 2850-2890, with a stop loss below 2800 and a target of 2930-2970.
*The above is for technical analysis reference only. Specific actions should be based on real-time market conditions, and risks are to be borne by oneself.*
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To clearly see the current market trend, short-term observation is key. Long-term charts just show repeated fluctuations and don't reveal much. Instead of staring blankly at the long-term cycles, it's better to accurately pinpoint key levels and wait for the target price to appear. This trading method actually puts less pressure on you because the targets are set closer, and short-term trades often reach those targets quickly.
It is currently Christmas Eve and the Christmas season, and the market trading volume is obviously sluggish, so there is a high probability that there won't be any significant fluctuations this week. Either take a break for yourself or make a few small short-term trades, and don't get into anything too complicated.
**From a technical perspective on BTC**
The daily level shows a fluctuating downward trend. Yesterday, a bearish candlestick with long upper and lower shadows was formed, indicating a struggle for control between bulls and bears, but the bears have the upper hand. The hourly chart is fluctuating back and forth within the range of 86500 to 88000, with a rhythm of short-term rebounds followed by declines.
The MACD is still operating below the zero axis on the hourly chart, with both DIF and DEA being negative, and the histogram is still expanding, indicating a weak performance. However, the daily MACD is gradually approaching the zero axis, showing signs of stability. The hourly RSI has slowly climbed from an oversold level of 29.7 to 45.3, with limited short-term rebound momentum; the daily RSI is hovering around 40 and has not reached an extreme position. In terms of the moving average system, the hourly EMA has formed a bearish arrangement, with the price being pressured by EMA7; the daily EMA7 and EMA30 are diverging downwards, leaning towards a bearish short-term outlook.
**Operation Reference**
1. Short in the 89400-88500 range, set the stop loss above 90400, target 87000-86000.
2. Go long in the 85600-86500 range, set the stop loss below 84600, and target to reach 88000-89000.
**ETH Technical Analysis**
1. Go short in the 3020-2980 range, stop loss above 3060, target 2900-2865.
2. Go long in the range of 2850-2890, with a stop loss below 2800 and a target of 2930-2970.
*The above is for technical analysis reference only. Specific actions should be based on real-time market conditions, and risks are to be borne by oneself.*