"12.17 Market Analysis: Bottoming Out Completed, This Week's Task is Only Rebound"

Yesterday's market completed the step of stopping the decline and rebounding. At yesterday's close, VR showed a unilateral upward trend, indicating that we are now in the phase of blood-sucking bread, where the big players maliciously suppress the coin price and have completed the accumulation phase. The remaining task for this week is for OBV to break above the moving average, change the direction of the moving average, and complete the bottom formation. This type of trend only requires 1-2 bullish candles on the daily chart to finish, so the task for this week is to patiently wait for the rebound to arrive.

$BTC Today's support for Bitcoin is at 86,200 and 85,700. If it rebounds from here, prepare to take profits in batches to protect costs. The first resistance above is at 89,400. The final daily resistance is at 90,600. Once above 90,000, we will discuss the subsequent trend in conjunction with indicators.

$SOL Support for Solana today is at 125 and 122.6. The resistance at 131 above has not been broken, making a good rebound difficult. So, the strategy for Solana is either to support at the support levels or to switch between support and resistance at 131 and operate on the right side.

$ETH Ethereum's trend has become a twisted knot. Pay attention to this trend line: support is at 2825-2795, and further support is at 2715. Resistance above is at 3120.

In summary, once the daily chart completes the bottoming process here, a quick rebound will follow. Therefore, this week's task is only the rebound. Considering the usual low volatility at the end of the month, our expectation for the trend in late December is to first stay above 9w, then return to a narrow range of oscillation. If you don't understand the market or can't determine the direction, welcome to join the Chief. Click to join the Chief community (Follow the Chief for daily latest market analysis and precise entry points. Long and short positions are for reference only, with strict stop-loss and take-profit. Exclusive fee discount code KEZHANG888).