Sunday midnight Bitcoin Ethereum market analysis and summary of this week



On Monday, the market is about to start a new round of trends, and opportunities have clearly emerged. The market is never short of volatility; what is lacking is prior preparation and decisive action. With a clear direction and a calm mindset, once the trend starts, it is the moment to seize opportunities. Do not wait until the trend ends to regret missing out; seize the moment, as opportunities are right now.

From the Bitcoin market perspective, the four-hour level did not continue to show strong upward volume after a rapid rise earlier, but instead consolidated sideways with a series of small-bodied candlesticks. Currently, the price is running near the middle band of the Bollinger Bands. The upper side has tested multiple times but failed to hold, indicating some selling pressure at high levels, and the market has entered a digestion phase after a strong rally. However, each time the lows are revisited, they are quickly reclaimed, and there has been no significant downward movement, indicating that the structure is still in a bullish-controlled consolidation phase and has not turned into a bearish pattern. On the one-hour level, there was a quick drop followed by a rapid rebound, forming a long lower shadow candlestick, and the price returned to the middle of the range, suggesting that the decline is more likely a shakeout behavior, with insufficient bearish momentum. Subsequently, the candlesticks gradually contracted and stabilized, indicating that the overall situation still belongs to a game of bulls and bears within the range, and it is not a trend reversal signal.
Overall, the current market is in a high-level consolidation phase. The short-term structure is relatively strong, but it requires time for the chips to change hands. As long as the key support below is not effectively broken, the overall structure still maintains a bullish advantage.
BTC1.57%
ETH1.28%
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dagongvip
· 12-21 21:31
$SUI This Candlestick pattern, dark-cloud cover is already very obvious. The moving averages are in a short positions arrangement, and the death cross has appeared. The price is below all moving averages, and there isn't much good to say about the technicals. There is a bit of an issue with the Trading Volume here. Extremely low volume, and the volume-price divergence is quite severe. In this case, although the technicals look bearish, we need to be wary of the possibility of a short-term Rebound. From the Bollinger Bands perspective, the price is below the lower band, and the sentiment is indeed bearish. However, the Fluctuation is not large, and there might be some consolidation. The key level to watch is the resistance at 1.4854, the previous high. If it rebounds to this level to do shorting, it would be relatively safer. Place the stop loss above 1.5796. The target is the medium support at 1.4488. If you're a bit more aggressive, you can wait for a Rebound near 1.4488 to do shorting, targeting 1.326. But the risk will be much larger.
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