【2023.12.17 BTC/ETH market analysis】

I warned about this wave of popularity of Inscriptions the day before yesterday. The popularity started to drop since yesterday afternoon. Today, the top ones are all pulling back. I stayed up late and worked on Inscription for two days in a row. I felt like I was useless. I was nothing but good at trading. I kept asking questions and learning. It felt quite interesting. Is there anyone who is a fan and started a business? I hope I won’t be so quick to cut everyone off. !

Let’s talk about the market, the wave of pie and ether. I had already warned about this wave at the beginning of the month and reminded the group. It has been rising for 8 consecutive weeks. No matter how high it is, it is time to make a correction. And the end of the year is coming soon. Monthly line, quarterly line, annual line The thread must be wound up. The daily support of this wave of big pie callbacks is around 4w, and it will go up if it holds up. If the 4.3 pressure level above is broken, it will continue to rush to 4.5-4.8. If it cannot go up, the wave will end. Hold U and wait and wait for the bottom!

Today’s order ideas:

The short side of the pie is currently pulling back on the daily line in the 1/2/4 hours. For small-level rebounds, focus on the three pressure levels of 42210-42490-42760. If the rebound does not break, go short. Pay attention to the lower target level (support level) of 41800-41635-41350. Near the 42760 position, you can go long if you can't hold it. If you stand above the 42760 position today, go short and give up!

Ethereum is currently pulling back on the 1/2/4-hour short-term daily line. For small-level rebounds, pay attention to the three pressure levels of 2240-2265-2285. If the rebound does not break, go short. At the lower target level (support level), pay attention to the three positions of 2208-2195-2175. Nearby, if it can't be broken, you can go long. If you stand above 2285 today, go short and give up! #BTC #ETH。