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December 29 Evening Bitcoin and Ethereum Operation Suggestions and Directions
Don't indulge in regrets, nor be困于未知. Clarity is about cherishing the present moment, a cup of tea and a meal, turning passion into the sail that propels us forward. Tonight, I publicly remind everyone to watch around 88,000, and the market trend has smoothly reached the target level. Recently, the market sentiment has been very good, and the strategies provided have been quite accurate. Tonight, Bitcoin is around 87,977, with a take-profit exit near 86,804, once again capturing 1,200 points of space. Ethereum is around 2,974, with an exit near 2,912, again gaining over 62 points of space. Currently, the crypto wave is surging, opportunities are shining like stars. The brave are riding the trend upward, harvesting dividends amid volatility. The hesitant are confused and standing still, missing good opportunities.
From the current market view, the 4-hour chart shows that Bitcoin remains in a 3-session decline correction phase, with no signs of the three moving averages moving higher together. Moving averages and technical indicators are strongly leaning towards weakness. The trading trend has not changed. On the 1-hour chart, Bitcoin continues to decline, with no short-term rebound or correction trend. The market is still dominated by a bearish trend, with the middle and lower bands of the Bollinger Bands continuing to decline. The current trend remains unchanged. MACD, with the fast and slow lines above zero and turning downward, DIF crossing below DEA forming a death cross, and red energy bars continuing to expand, indicates the short-term trend will continue. Therefore, Lao Zhao suggests continuing with tonight's strategy of aiming for rebounds near high points.
Bitcoin around 88,000 to 88,500 can be watched, focus on 86,500.
Ethereum around 2,970 to 3,000 can be watched, focus on 2,900.