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The rise and fall are confusing, BTC's weekly chart is likely to close with a doji, Ether's weekly rebound is facing resistance! 12.21 BTC ETH midnight strategy
The non-farm payrolls exceeded expectations, but the unemployment rate rose to its highest level in four years, hindering the rebound of cryptocurrency prices. However, due to the positive non-farm payrolls, after the price retreated below a new low, it did not continue the bearish trend. The overall trend is still characterized by fluctuations. This week, the strategy of going long met expectations; every morning, placing a long position allowed for profit, resulting in substantial gains. Follow along to reap the rewards!
The weekly BTC is likely to close with a doji star, the Bollinger Bands are trending downwards, and the upper band not opening indicates that the downward momentum is slowing down. The KDJ in the auxiliary chart is turning up from a low position, the MACD double lines are trending down, but the trading volume is decreasing, all indicating that the downward momentum is slowing down, so it is not overly bearish!
Evening long position idea on December 21:
BTC retracement 85500-86000 long, for conservative investors enter at 84500-85000, defend around 84000, target around 87000-88000, if broken look at 89000-90000, continue to break and move stop loss based on the situation!
Ether retracement 2830-2860 long, for conservative traders 2760-2800 to enter, defend near 2720, target around 2900-2950, if broken look at around 2980-3000, continue to move stop loss and take profit depending on the situation!
12.21 Evening Short Position Strategy:
BTC Rebound 90,000-90,500 short one hand, defend around 91,500, target looks at 89,000-88,000, break position looks at 87,000-86,500.
Ether Rebound 3030-3060 short one hand, defend near 3090, target look at 2970-2940-2900 nearby, break position look at 2850-2820 nearby
Recently, I have seen many institutional investors increasing their positions. If more positive news comes out, the price of cryptocurrencies is likely to rebound. The interest rate hike in Japan, along with the statements from Yoshitaka and the male spokesperson, has not prevented the yen from experiencing a significant fall. The recent stance of Japan on international issues might be causing market unease. Therefore, it has not attracted funds to suppress the cryptocurrency prices. Everyone should be cautious about selling! #成长值抽奖赢金条和精美周边