Liang Qiu: Bitcoin/Ethereum Trading Strategy with Market Analysis (December 29)

Bitcoin/Ethereum finally broke out of its short-term narrow range trading pattern in the early morning and early morning trading session. Our publicly shared strategy for Ethereum last week yielded nearly 500 points of profit. Yesterday's strategy of going long first and then short saw short positions retrace down to around 2920 and 87300. Those who didn't take profits in time may have been stopped out, which is unavoidable given the constantly changing market conditions. Currently, the price has broken through recent highs and entered a new consolidation phase, indicating a gradual change in trend. Support levels are moving upwards, and bullish momentum is gradually increasing. In terms of candlestick patterns, recent price action has shown an upward trend, rising from lows around 2900 and 87000 to the current levels around 3050 and 89000. The current rally has formed a relatively long bullish candle, breaking through recent highs. We should watch for a sustained hold above this level. Technically, the DIF and DEA lines have crossed above the zero line and are diverging upwards, with the red bars expanding, indicating increased short-term bullish momentum and a bullish trend. Short-term buying on dips is recommended. Trading suggestions: Buy Bitcoin around 87800-88300, with a target of 90000-91000; Buy Ethereum around 2980-3010, with a target of 3080-3130. Our daily analysis and strategies have a high win rate and are available for viewing. However, these analyses and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.