Yesterday, the U.S. stock market was closed for Christmas, and the market continued to experience slight fluctuations and adjustments. After the daily update today, Bitcoin's price rose again, touching near the middle track. From the current indicators, MACD and KDJ are slightly biased towards a small rebound in the short term. However, the MA5, 10-day, and 30-day moving averages still tend to run flat. In terms of the current trend, the 89500 level is the current short-term resistance. If it breaks through effectively, Bitcoin will likely reach the 92000 level again this weekend.
On the 4-hour chart, a large bullish candle in the morning pushed the price up. Currently, the MACD and KDJ indicators are showing a slight bullish increase, and the price is running towards the MA30-day moving average. All moving averages are slightly biased towards a small rebound. Combined with the hourly chart, the overall trend of Bitcoin is inclined towards a slight rebound. The short-term support reference is at the 87500-87000 level. In terms of intraday trends, if the price does not effectively break below any support, it is expected that the price will follow the daily trend for a small rebound to test the upper resistance. Therefore, for the intraday trend, my personal view is to maintain a short-term swing strategy, focusing on buying on dips and selling on highs.
Trading Strategy: Buy at 87800-87300, Target: 89300-90300, Stop Loss: 87000
Short positions can be considered at resistance levels.
Ethereum's short-term trend is basically in sync with Bitcoin, but overall it is not as strong as Bitcoin. The current key resistance level for Ethereum is around 3020-3070, with support at the 2925-2890 level. It is expected that the price will follow the daily trend for a small rebound to test the upper resistance. Therefore, for the intraday trend, my personal view is to maintain a short-term swing strategy, focusing on buying on dips and selling on highs.
Trading Strategy: Buy at 2940-2910, Target: 2990-3020, Stop Loss: 2890. Short positions can be considered at resistance levels.
For the current trend, it is expected to be sufficient, and I will continue to follow up.
This personal view is for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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