December 1st noon review: Observing the trends of #数字货币市场回升 and $BTC
First, let's look at Bitcoin. After the rebound touched the high point of 91929 yesterday, it couldn't hold on and is now hovering around 86400 again. Looking at the 4-hour chart, after the previous wave of consecutive rising candles, it is now digesting and consolidating. The mid-track support is roughly at the integer level of 85000, and with such a large base, it's really difficult to set a stop-loss.
The current situation is a bit awkward - the bullish trend is still there, it's just that the pace has slowed down, which can be considered a local adjustment. Next, we either need to pull back to confirm the support level, or after some sideways fluctuations, we will rise again. I lean towards pushing the operation time to the evening; for short-term trading, it is relatively stable to look for shorting opportunities before breaking the support.
Speaking of Ethereum, it surged to 3052 yesterday and then stopped, now it's hovering around 2820. On the 4-hour chart, it just returned to the mid-range position and hit the brakes. Today's key point is whether it can hold the mid-range—if it can't, the adjustment space will widen, but if it holds, it can recover the highs and continue to rise slowly.
The current rhythm of this coin is "turning back with every step", testing the highs repeatedly and then retreating. The volatility is large, providing plenty of long and short opportunities; it just depends on whether you can hit the right points.
Short-term reference ideas: $ETH can consider short positions in the range of 86200-87200, looking around 85200. Short positions are established in the range of 2820-2870, targeting around 2770.
Large base, high volatility, remember to manage risk well.
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ImpermanentPhobia
· 12-01 04:21
Tsk, it's this "trap of turning back at every step" rhythm again, it's making me a bit irritated.
View OriginalReply0
FlatTax
· 12-01 04:20
It's that "one step, one look back" rhythm again, it's really incredible, testing the limits every day.
View OriginalReply0
New_Ser_Ngmi
· 12-01 04:20
Still dawdling there, neither of them is happy.
View OriginalReply0
ETHReserveBank
· 12-01 04:19
It's the same "step back with every move" rhythm again, it's really tormenting.
View OriginalReply0
BuyTheTop
· 12-01 04:14
It's another one of those torturous market fluctuations, it's really ridiculous.
View OriginalReply0
CafeMinor
· 12-01 04:10
Again looking back step by step, this rhythm is really amazing, it feels like playing hide and seek with the market maker.
December 1st noon review: Observing the trends of #数字货币市场回升 and $BTC
First, let's look at Bitcoin. After the rebound touched the high point of 91929 yesterday, it couldn't hold on and is now hovering around 86400 again. Looking at the 4-hour chart, after the previous wave of consecutive rising candles, it is now digesting and consolidating. The mid-track support is roughly at the integer level of 85000, and with such a large base, it's really difficult to set a stop-loss.
The current situation is a bit awkward - the bullish trend is still there, it's just that the pace has slowed down, which can be considered a local adjustment. Next, we either need to pull back to confirm the support level, or after some sideways fluctuations, we will rise again. I lean towards pushing the operation time to the evening; for short-term trading, it is relatively stable to look for shorting opportunities before breaking the support.
Speaking of Ethereum, it surged to 3052 yesterday and then stopped, now it's hovering around 2820. On the 4-hour chart, it just returned to the mid-range position and hit the brakes. Today's key point is whether it can hold the mid-range—if it can't, the adjustment space will widen, but if it holds, it can recover the highs and continue to rise slowly.
The current rhythm of this coin is "turning back with every step", testing the highs repeatedly and then retreating. The volatility is large, providing plenty of long and short opportunities; it just depends on whether you can hit the right points.
Short-term reference ideas:
$ETH can consider short positions in the range of 86200-87200, looking around 85200.
Short positions are established in the range of 2820-2870, targeting around 2770.
Large base, high volatility, remember to manage risk well.