《12.22 Market Analysis: Welcoming the New Year's Red Packet Market》
The market has basically been sideways in the past two days. With the third bottom test completed last week, the price of the currency stabilized above 88-87, announcing that the daily chart's three bottom tests were successful. As the OBV moving average gradually levels off and the positions of the daily MA50 and EMA15 get closer, there is still an expectation of a price increase and trend reversal by the end of the month.
The upward trend reversal here requires a bullish candle to force the OBV to break through the moving average and for the CCI to complete the impact on the zero axis. The CCI must return to the zero axis and complete an upward test of 100 in January to achieve our judgment on a large inducement action in the weekly chart for January.
$BTC Currently, the two support levels in the 4-hour chart are at 86500 and 85800, where there is a gap. If it cannot come down to fill the gap, pay attention to the previous level of 89000, which has been broken multiple times without success. If the hourly chart's bullish candle stands above 89000, look for positions for resistance and support exchange at a smaller level to chase long positions. The pressure above here is at 911-914, and the pressure further up is at 93400.
$SOL The support for the short position is between 121-120, and the strategy can be to wait for this position to buy long again. The upper resistance at 131 is still an important level, and it needs to stabilize to look up to 138.
$ETH The support below Ethereum is at 2880 and 2834, with resistance above at 3148 and 3230. If there is still a piercing downtrend, pay attention to the previous two support levels. There is an expectation of a resistance and support exchange at 3060, and after stabilizing at this position on the hourly chart, it can reach 3150.
In summary, there is an expectation of an upward trend reversal at the end of the month, and this trend reversal is to prepare indicators for the weekly trend in January, so there will still be a wave of top testing movements. If the gap in the 4-hour chart can be filled again, it will be a good entry position. If it cannot dip, more effort will be needed to observe the resistance and support exchange and to chase long positions on the right side.
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