#比特币与黄金战争 Yesterday, Bitcoin showed a volatile trend overall. After the US stock market opened, the price started to decline from around 89,500, reaching a low near 86,600, and Ethereum also followed the weakening trend. Our previous recommendation to short Bitcoin at high levels yielded a profit of 2,900 points, while Ethereum had a profit potential of 100 points.
From the market performance, after rebounding from the support level, Bitcoin entered a consolidation phase. Looking at the 4-hour chart, the price repeatedly faced resistance at the middle band of the Bollinger. Although the bulls are still trying to push higher, the price is approaching a key resistance zone. To further expand the upward space, it is necessary to break above this resistance; if it fails, the market is likely to oscillate within the range. Given that weekend liquidity will significantly decrease, it is recommended to adopt a range trading strategy with short positions at high levels and long positions at low levels.
Specifically—$BTC faces resistance and pulls back in the 87,800-88,500 range, with support at 86,500-85,000 below; $ETH is under pressure near 2,950-2,980, with a downside target of 2,880-2,800; $BNB's trend is following in sync. The current phase is about waiting for a breakout confirmation; without a clear direction, focus on swing trading.
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MetaverseMigrant
· 12-27 07:50
Starting to torment again within the range, this bad market is really annoying.
Bitcoin still hasn't broken through, the Bollinger Bands are stuck, gotta be more careful over the weekend.
A 2900 point gain is good, but who dares to hold heavy positions with all this turbulence?
Let's see if it can hold this resistance level; if it can't, we'll have to go back to getting caught in the trap.
Liquidity diminishes over the weekend, I choose to lie flat and not trade, let the bullets fly for a while.
Yesterday, I did make a profit at high altitude, but looking at the market now, it's hard to keep earning.
This kind of oscillating market really tests your mentality; swing trading is still the safer bet.
Longs and shorts are switching back and forth, feeling like traders are just harvesting the leeks.
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MoonlightGamer
· 12-27 07:38
Liquidity diminishes over the weekend. This wave really depends on whether the breakout can hold steady; otherwise, it's just a back-and-forth chop of the traders.
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LiquiditySurfer
· 12-27 07:32
The point about liquidity decay over the weekend is well said. I'm just worried that a gap might directly break through the support. Range trading sounds comfortable, but in reality, it's easy to get trapped.
#比特币与黄金战争 Yesterday, Bitcoin showed a volatile trend overall. After the US stock market opened, the price started to decline from around 89,500, reaching a low near 86,600, and Ethereum also followed the weakening trend. Our previous recommendation to short Bitcoin at high levels yielded a profit of 2,900 points, while Ethereum had a profit potential of 100 points.
From the market performance, after rebounding from the support level, Bitcoin entered a consolidation phase. Looking at the 4-hour chart, the price repeatedly faced resistance at the middle band of the Bollinger. Although the bulls are still trying to push higher, the price is approaching a key resistance zone. To further expand the upward space, it is necessary to break above this resistance; if it fails, the market is likely to oscillate within the range. Given that weekend liquidity will significantly decrease, it is recommended to adopt a range trading strategy with short positions at high levels and long positions at low levels.
Specifically—$BTC faces resistance and pulls back in the 87,800-88,500 range, with support at 86,500-85,000 below; $ETH is under pressure near 2,950-2,980, with a downside target of 2,880-2,800; $BNB's trend is following in sync. The current phase is about waiting for a breakout confirmation; without a clear direction, focus on swing trading.