December 17 Evening Bitcoin and Ethereum Trading Suggestions and Direction Sharing
From the current market situation, the market is in a significant stalemate, with forces engaged in a deep tug-of-war. Currently, the evening market maintains low volatility, and trading volume continues to shrink, reflecting that traders are generally cautious and hesitant to enter the market. There is a lack of willingness for funds to enter. On the 1-hour chart, Bitcoin shows a narrow range pattern, with key support at 86,000 and resistance at 87,200 repeatedly tested but without effective results. The oscillation pattern is further consolidating. Regarding trading strategies, until the core oscillation range in the afternoon is effectively broken, Lao Zhao still recommends a strategy of selling high and buying low in the evening, relying on key support levels to set up multiple positions, and adjusting the approach based on market trend changes. In the evening, Lao Zhao mainly focuses on selling high and buying low around support levels, opportunistically setting up multiple positions above support. Bitcoin near 86,500 to 86,000 can be bought, watch for 87,500 Ethereum near 2,930 to 2,900 can be bought, watch for 3,000#BTC #ETH
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December 17 Evening Bitcoin and Ethereum Trading Suggestions and Direction Sharing
From the current market situation, the market is in a significant stalemate, with forces engaged in a deep tug-of-war. Currently, the evening market maintains low volatility, and trading volume continues to shrink, reflecting that traders are generally cautious and hesitant to enter the market. There is a lack of willingness for funds to enter. On the 1-hour chart, Bitcoin shows a narrow range pattern, with key support at 86,000 and resistance at 87,200 repeatedly tested but without effective results. The oscillation pattern is further consolidating. Regarding trading strategies, until the core oscillation range in the afternoon is effectively broken, Lao Zhao still recommends a strategy of selling high and buying low in the evening, relying on key support levels to set up multiple positions, and adjusting the approach based on market trend changes. In the evening, Lao Zhao mainly focuses on selling high and buying low around support levels, opportunistically setting up multiple positions above support.
Bitcoin near 86,500 to 86,000 can be bought, watch for 87,500
Ethereum near 2,930 to 2,900 can be bought, watch for 3,000#BTC #ETH