【2023.12.15 BTC/ETH Market Analysis】

Last night's spike caused many brothers to lose out, with Bitcoin dropping nearly $2000. Is it exciting? This is how the crypto market operates, with the market makers ruthlessly harvesting retail investors. Since we have chosen this industry with the potential for quick wealth, we must also bear the high risks associated with it. The only thing we can do is to manage our positions well. For contract traders, regardless of how much capital you have, if you don't have a good trading strategy (skills) and trading habits (position management + take profit and stop loss), your assets will continuously shrink or even go to zero. Remember (10X10X10X10)X0, in the end, it's still 0.

The strategy provided early this morning indicated that Bitcoin's first support level was just $200 away and it shot up without hitting it, while Ethereum's support at 2275 was just right and it bounced up. Those who followed Ethereum's wave made a profit!

Today's trading idea:

Ethereum is in a 1-hour pullback, bullish on the 2/4 hour, pay attention to the 2290 level, which is today's daily bullish and bearish price as well as the current 2-hour support level. If it breaks below, the 2-hour will start to pull back, with lower support around 2265. If it breaks 2265, the 4-hour will start to pull back, with lower support around 2235-2210.

If it stabilizes around 2290 or 2265 on a pullback, it is likely to continue rising, with upper targets around 2315-2335-2355.

Bitcoin is consolidating around the bullish and bearish price on the 1/2 hour level. If it breaks below 42900, the 1/2 hour level will start to pull back, with lower support around 42600 on the 4-hour level. If it breaks this level, the 4-hour will pull back, with lower support around 42030-41160.

If it stabilizes on a pullback around 42620 or 42030, it is likely to rise, with upper targets around 43200-43460.