1.2 The bears are at the end of their strength, and a rebound is inevitable. Tonight is about bottom fishing or top escaping?
The first battle of the New Year has already begun! Bitcoin at $87,500 has become a lifeline, with the current price of BTC at $87,504, struggling above the $87,000 life line. The capital game across the network has entered a fever pitch. Is this a shakeout or a precursor to a big drop? Behind a 1% crash, what hidden signals are there?
BTC has long been in a sideways oscillation, and bears have an opportunity to take profits. Pay attention to a quick rebound that could signify a bottom. Look for small-level signals in the 86,000-82,000 range to catch the rebound, with a weak rebound at 96,000 and a strong rebound at 101,000-105,000. After the adjustment and rebound end, beware of further declines towards 80,000, as the rebound is not the goal, just making it easier for bears.
ETH's weekly moving averages at 2,700-2,800 provide strong support, with new support appearing near 2,860-2,900 at a small level. Small rebounds are seen at 3,200 and 3,300, while a strong counterattack breaking 3,400 sees 3,670. Waiting for a bottom at a small level is a good choice. Important signals must be monitored to prevent a second acceleration downwards to test the bottom. The best strategy is to use short to leverage long and small to leverage big. For friends who have not had ideal operations in the recent market, consult btc0796 to find me for market discussions.
Operation Suggestions:
BTC 87,200-87,800 go long, target at 91,000 - 94,000, defend at 86,700
ETH 2,940-2,980 go long, target at 3,200 - 3,400, defend at 2,900
