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#ETC crypto world Yuelin 12.12 Thursday, BTC, ETH Workshop Afternoon Strategy!
Hello, everyone in the crypto world, good afternoon. I am your lucky goddess Yue Lin. Today, the price surged to a high of 101880 and then started to retreat under pressure. The pullback was relatively small, and the lowest price during the day retraced to around 100309 before stabilizing and rebounding. It once again touched the 101812 level. It can be seen that the momentum to break through the key level of 102000 is somewhat weak. As for ETH, the price has been gradually rising during the day, reaching the target level we mentioned earlier. The highest point touched was around 3947. Our bullish outlook given yesterday morning and this morning has been substantiated.
From the daily chart structure, the current comparison price has also broken through the strong support of the middle track. Although there is a breakthrough, there is a lack of a certain continuity. Once the decline enters a stagnation, there is a high probability of a rebound. Looking at the recent trend of the market for the past month or so, often when the market stagnates or moves slowly, there is a significant degree of reverse operation. Therefore, in the short term, the structure is slow at the low level, accompanied by a rebound. Precaution is against the appearance of a rebound trend, and a decline in the decline has a certain and more obvious anti-fall performance. Therefore, it is still maintaining a low position to seize the rebound. From the perspective of the 4-hour chart structure, multiple upward probes are also accompanied by a certain retracement. Currently, there is also a structure of double bottom probing, which is just a way for the bulls to gather strength. The current round of retracement has basically ended, and the future still looks good for the rebound of the bulls.
Thursday Afternoon Operation Strategy:
BTC: 100000-100500 long target 101500
ETC: more than 3900-more than 3910 target 3990
Of course, the technical indicators are just a reference, if you have no direction, remember to pay attention to Yuelin, keep up with my footsteps to do, Yuelin may not let you win a hundred battles, but you must be able to avoid losses, less detours!