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December 15 Crypto Market Analysis + Crypto Information Gap
❌Refusing Post-Mortem ❌
✅Weak rebound, no reversal of the bear trend, watch more and act less ✅
1⃣ Market Overview #BTC #ETH Current Key Support Levels:
--BTC: Resistance around 91,500, trendline resistance, watch more and act less, it's not too late to take action once it breaks into a reasonable range. Act quickly, take profits fast, and exit quickly.
--ETH: Resistance around 3,150, long positions around 3,100, take profit at 3,150, stop loss at 3,064. Increased risk, watch more and act less, move quickly in and out.
2⃣ $BTC $ETH BTC has already shown some reversal on the 4-hour chart today, but on the daily and 12-hour charts, it has not broken through resistance zones. Therefore, whether you're long or short, be sure to set stop losses. It’s best to hold positions for no more than 12 hours since the market can change at any time. If your defense line is broken, you might get caught deep.
Remarks:
If none of the entry conditions are met, wait and watch. Do not rush to act.
1. A bullish reversal candle must form for an upward move, at least a 12-hour reversal candle before entering.
2. Watch whether BTC can stabilize around support at 87,745.
3. If the trend is completely broken, and price falls below 83,986, consider short positions.
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All opinions are personal views only.
Not to be taken as investment advice.