12.24 Bitcoin Analysis

From the current trend, there is a divergence in the movements of Bitcoin and Ethereum. Bitcoin's price rose to the midline of the four-hour chart last night but faced pressure and fell back down near previous lows. In contrast, Ethereum's price broke through the midline pressure on the four-hour chart after the four-hour candlestick change, with the price touching 3465 again. Our layout yesterday focused on the midline pressure at the four-hour level for positioning, as mentioned in both the article and video content. The confirmation of the midline pressure at the four-hour level indicates another entry point, and the support below has also been clearly indicated.

Currently, we have achieved good profits. The trading strategy for the current day remains the same, allowing for high selling and low buying within the range. Bitcoin has continuously fallen after facing midline pressure at the four-hour level, and it is about to drop again to the lower support. Long positions can be attempted here with a stop loss of 500 points, and the rebound target can be focused on the range of 94600-96000! For Ethereum's movement, we will focus on the midline support of the four-hour chart. If it breaks down, we will look to short towards the range of 3280-3220; if it does not break, we will directly go long, targeting 3420-3480 with a stop loss of 40 points!