The current focus is on the one-hour EMA moving average, with particular attention to the 89,500-90,500 range above. This zone is the mid-point of the first ten days of December and also a strong resistance zone in late December. Hold onto short positions, with the stop-loss unchanged at 89,500. The weekend market moves slowly, so take a good rest.
Before the market moves out, it will consolidate around 87,500 with narrow fluctuations, and even if it widens, it’s unlikely to break the previous range. Instead, it will oscillate within the already established upper and lower bounds. That is, between 86,500-89,500. We do not consider the possibility of breaking this range; a more reasonable narrow range is 86,800-88,500. Since the probability of these ranges stabilizing is low, we will continue with yesterday’s approach. Still short. Add to the position at 88,500. Ethereum should follow the same rhythm as Bitcoin, and the previous strategy can be maintained. Stop-loss positions remain unchanged. $BTC $ETH
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The current focus is on the one-hour EMA moving average, with particular attention to the 89,500-90,500 range above. This zone is the mid-point of the first ten days of December and also a strong resistance zone in late December. Hold onto short positions, with the stop-loss unchanged at 89,500. The weekend market moves slowly, so take a good rest.
Before the market moves out, it will consolidate around 87,500 with narrow fluctuations, and even if it widens, it’s unlikely to break the previous range. Instead, it will oscillate within the already established upper and lower bounds. That is, between 86,500-89,500. We do not consider the possibility of breaking this range; a more reasonable narrow range is 86,800-88,500.
Since the probability of these ranges stabilizing is low, we will continue with yesterday’s approach. Still short. Add to the position at 88,500.
Ethereum should follow the same rhythm as Bitcoin, and the previous strategy can be maintained. Stop-loss positions remain unchanged. $BTC $ETH