Daily Summary

The Bitcoin has transformed from a downward channel into a box-shaped oscillation. This indicates that the trend of the downward channel has been changed to an oscillation pattern, the movement trend has stopped, and a reversal may occur.

If Bitcoin finds support between 840 and 820, the probability of returning to 980 remains quite large, and it can at least reach around 940, which is a recent high point. Therefore, if there is another opportunity to buy at the bottom this week, there may be considerable upside potential. According to the current news, most whales are still firmly bullish, and the long position of Insider 1011 is still not closed, currently losing 40 million.

Looking at it from a small time frame. All trend movements of Bitcoin are accompanied by counter-trend candlesticks, indicating that the momentum of the trend is relatively weak. According to past market trends during Christmas, the market tends to be dominated by fluctuations, primarily driven by quantitative trading and retail investors. Therefore, the probability of a one-sided market is relatively low. On the contrary, this presents a comfortable opportunity for trading in a range. In the absence of a major one-sided market, as long as the entry points are conservative enough, it is generally possible to make a profit.

btc strategy short at 90400-910 long at 855-840

The form of Ethereum is very similar to Bitcoin, and it can be said that Ethereum's trend is much stronger than that of Bitcoin. This is because it has broken through the previous swing high of 3030. However, due to a decline yesterday, it essentially covered the movement of a whole day, indicating that its volatility is relatively high. Therefore, for a cryptocurrency like Ethereum, which has a high volatility, we need to be more conservative in seeking entry points, as we cannot know whether it will break through a certain swing high or low. At that time, if our entry point is too aggressive, it may trigger a stop-loss. Thus, we should be more cautious with entry points for Ethereum and set stop-losses further away.

eth strategy short at 3050-3080, long at 2840-2800
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