The current market, frankly, is bouncing between 85,000 and 88,000. Consolidation and volatility are nothing new, but for short-term trading, this actually presents opportunities. My approach is straightforward: look short when approaching 88,000, look long when approaching 85,000, and take profit after gaining around 1,000 points. On Christmas Eve, during the European and American trading hours, volume is naturally light, so there's no need to force trades. Before Friday, I expect this kind of oscillation to continue.
From the market data, Bitcoin's daily chart has been declining recently, with many bearish candles, indicating overall weakness. The hourly chart has been oscillating around 87,000, with decreasing amplitude, giving a sense that a breakdown might be imminent. MACD is below the zero line, with DIF and DEA both negative, indicating a still bearish pattern, but the green histogram is shrinking, hinting at a potential stabilization. RSI is at 44, not yet in oversold territory, and market sentiment is between neutral and slightly bearish.
My plan: $BTC Go long in the 86,200-87,200 range, targeting 88,200-89,200 $ETH Go long in the 2,880-2,910 range, aiming for 2,970-3,000
In simple terms, buy low and sell high—don't expect to master the entire market. During periods of low liquidity, risks are higher and rewards smaller. Taking profits promptly is more important than anything. In the days leading up to the weekend, seemingly calm markets often hide uncertainties, so caution is advised.
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#美联储回购协议计划 December 25 Morning Market Observation
The current market, frankly, is bouncing between 85,000 and 88,000. Consolidation and volatility are nothing new, but for short-term trading, this actually presents opportunities. My approach is straightforward: look short when approaching 88,000, look long when approaching 85,000, and take profit after gaining around 1,000 points. On Christmas Eve, during the European and American trading hours, volume is naturally light, so there's no need to force trades. Before Friday, I expect this kind of oscillation to continue.
From the market data, Bitcoin's daily chart has been declining recently, with many bearish candles, indicating overall weakness. The hourly chart has been oscillating around 87,000, with decreasing amplitude, giving a sense that a breakdown might be imminent. MACD is below the zero line, with DIF and DEA both negative, indicating a still bearish pattern, but the green histogram is shrinking, hinting at a potential stabilization. RSI is at 44, not yet in oversold territory, and market sentiment is between neutral and slightly bearish.
My plan:
$BTC Go long in the 86,200-87,200 range, targeting 88,200-89,200
$ETH Go long in the 2,880-2,910 range, aiming for 2,970-3,000
In simple terms, buy low and sell high—don't expect to master the entire market. During periods of low liquidity, risks are higher and rewards smaller. Taking profits promptly is more important than anything. In the days leading up to the weekend, seemingly calm markets often hide uncertainties, so caution is advised.