1. BTC rebounded from the 16,200 USD price on the 20th to the 17,000 USD price. From the one-hour trend of BTC, it is a rapid channel trend. The pinbar signal appeared on the channel trend last night. It is currently moving out of a round top. And BTC is currently running to the pressure range of 16,800-17,000, which is more in line with my judgment in the previous market analysis on December 18. At present, the market is running to the pressure area, and long orders can stop profit. The market is still bearish at a large level.
2. ETH and BTC have similar trends. They also bottomed out around 1150 on the 20th and then immediately rebounded to around 1230. This is a bit higher than the price range predicted in my previous article. Looking back at ETH's rebound, it was also a rapid channel connection, and then it went to around 1230 last night. A Pinbar signal appeared at the one-hour level. And the market is in the pressure range of 1210-1230. At present, ETH has also walked out of the arc top pattern.
Finally, a reminder that contract futures are high-risk investments. The article is a personal opinion and does not contain any investment advice. If you have any different opinions, please send me a private message to exchange ideas so that we can learn and improve together.
