12.21 Bitcoin and Ethereum Trading Recommendations and Direction Sharing

The horizontal road is a fierce struggle with oneself. It sharpens our will and mindset when facing difficulties. Only those who never easily bow down and can hold on firmly have the strength to persevere in adversity, waiting for the strong wind that will help them soar! Looking back at the Bitcoin trend this morning, there hasn't been much fluctuation since the early hours, still belonging to a high-level consolidation phase, with low liquidity, light trading, and narrow fluctuations, fully exhibiting a normal Saturday and Sunday trading situation. Yesterday, a high sell-low buy strategy was provided. If friends followed the suggested approach, I believe there are gains to be made.

From the current market perspective, the 4-hour level shows that Bitcoin is in a high-level consolidation phase, with a pattern dominated by small bearish and bullish movements. There has been no significant unilateral trend emerging in the short term. The short-term operation is above the middle band of the Bollinger Bands. Looking at the 1-hour level, there was a slight upward probe this morning, but after touching the upper band, a bearish candle quickly intervened and retracted. There is still strong resistance above in the short term, and the Bollinger Bands show signs of expanding. The middle and lower bands are trending downwards, indicating that there is still a risk of a pullback in the short term. Moving averages and technical indicators lean towards weakness, further clarifying that a weak trend may emerge later. Therefore, on Sunday, Lao Zhao suggests maintaining the same approach as Saturday, using a high sell-low buy strategy for trading.

Bitcoin can be traded around 88000 to 88500, focus on 87000.

Ethereum can be traded around 2960 to 3000, focus on 2880$BTC $ETH #比特币 #以太坊 .