12.22 Morning Bitcoin and Ethereum Trading Suggestions

The market is like a wheel; to take root within it, one must hold onto their core principles and not blindly follow the trends. Only by accumulating strength during the lows can one wait for the right opportunity. Looking back at the market on Saturday and Sunday, it showed a narrow range of fluctuations. After an evening rebound, we welcomed a window for adjustment. Our intraday strategy of 'shorting on rebounds and selling high' was once again validated: when Bitcoin touched the 88800 line, we decisively placed short orders; after entering around 2980 for Ether, the market adjusted as expected. When Bitcoin dipped to around 87700 and Ether retreated near 2960, we quickly took profits and exited. In the end, Bitcoin gained over 1000 points in profit, while Ether captured over 20 points in space, precisely grasping trading opportunities amidst short-term fluctuations.

From the technical analysis of the market, the 4-hour level shows alternating bullish and bearish candlesticks. Bitcoin briefly surged in the evening before retreating, currently still in a consolidation phase, with bears dominating the short-term market. The Bollinger Bands are showing signs of a downward trend, and the short-term oscillation trend may continue. Looking at the 1-hour level, the momentum of the evening surge is weaker than the bearish downward strength. The bullish candlestick has a long lower shadow, reflecting that each rebound is accompanied by a correction. The lower and middle bands of the Bollinger Bands show signs of upward bending, while the upper band is converging downward, indicating that the short-term market will operate within the current range. Although there is an expectation of a rebound later, the overall upward space is limited.

In summary, it is recommended to focus on "shorting on rebounds" for operations, and short-term positions can also be based on the range for long and short layouts:

- Bitcoin: Short positions can be arranged in the range of 88500—89000, with a key focus on the support level of 87000.
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- Ethereum: Short positions can be arranged in the range of 2990—3020, with a focus on the support level of 2900.