Prior to this significant rise, we had successfully made predictions, especially since the market had experienced a continuous period of decline following the sharp decline on December 11th. We accurately identified the lowest point during this period and invested on that basis. 💰

When a market experiences a significant decline, we can clearly see two key support and resistance levels. Ethereum showed strong support at 2120 points, while 2332 points was a significant pressure range. The market began to fall rapidly from this point and evolved into a violent plunge.

This suggests that there was a surge of traders eager to sell in this price range, leading to panic selling and the sharp decline that followed. Therefore, we can regard the starting point of the plunge as a strong pressure level. When Ethereum first hit 2332 points, the market immediately fell sharply and was almost irresistible. Just after hitting 2332 points, the market continued to fall for three days, with a drop of 260 points.

But after hitting the 2332 point this time, you can look back at the 15-minute or even 5-minute trading charts and see that there was no obvious rapid decline. The market rebounded for the first time to reach 2347 points, and then continued to fluctuate around 2332 points. This actually shows that the selling orders above 2332 points have been completely cleared. The market has tested this pressure level many times after falling, clearly indicating the consolidation period after the pressure level has been cleared, indicating the upcoming rise.

Therefore, we bought at the lowest point of 2216 points, successfully captured the overnight surge of 260 points, and sold at the highest point of 2440 points the next morning, completing this long and short round. Double profit from trading. #BTC #ETH #新年快樂