It has started again, with higher trade volumes and a big dump. The short positions trading volume in the four-hour chart exceeds 3.3 billion USD, and 550 million USD in long order positions got liquidated in the 12-hour chart. From the daily chart, after a week of a volume-contracted rebound touching the middle band of the Bollinger Bands, the short positions continue to make a strong push. Ethereum has fallen over 230 points, and Bitcoin has dropped 5000 points. The daily MACD shows no obvious bottom divergence. Given the current momentum, it is difficult to form a double bottom and a resonance bottom pattern with bottom divergence. Do not easily attempt to buy the dip and go long. #December Market Outlook

ETH-1,57%
BTC-1,91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)