"12.15 Market Analysis: The Daily Chart Urgently Needs to Break Higher, and This Week Requires Accelerated Movement."
Over the weekend, the market again consolidated and then dropped. The few pinpoint levels I provided last Friday saw some rebounds, but not significantly. Only SOL's 127.5 was relatively precise; the other rebounds at BTC's 88600 and ETH's 3060 were weak and unconvincing. On the daily chart for BTC, the OBV needs to break above the moving average to change its trend direction. These two are very close now, indicating that a trend reversal is imminent. Moreover, there is no significant outflow of volume, so the trend is likely upward. Additionally, the convergence pattern on the daily chart is about to reach its limit, so this week, just one or two strong bullish candles can complete the task, helping to break the Bollinger Bands on the daily chart.
$BTC Today, BTC's support at 88400 holds, and the rebound can continue. The resistance at 90200 is now acting as support and resistance switch. If the 1-hour level can hold, further upward movement should target at least 91900, with the next resistance at 93050.
$SOL The pinpoint level at around 127.5, given last Friday, has resulted in a rebound. Today's short-term support is at 129; as long as it does not break, the rebound can continue. Above, the 136 resistance must be stabilized to allow support and resistance to switch, with a target at 141.6. Meanwhile, the key level on the daily chart remains at 147; surpassing it would open up vast potential.
$ETH Ethereum saw a rebound at the 3060 pinpoint level last week, but the rebound was small. Today, support remains at 3070-3060; as long as it holds, the rebound can continue. The critical resistance above is at 3245; breaking it would enable support and resistance to switch, with a target at 3390. In summary, the daily trend for BTC indicates that a trend reversal is necessary this week, and just one or two candles with accelerated momentum can fulfill the rebound requirement. There’s no need to rush; be patient and wait for the rebound. When the support and resistance switch occurs at a key level, consider entering with a prudent stance, setting stop-loss orders. If you don’t understand the market or are unsure of the direction, welcome to join the Chief Analyst. Click to join the Chief Analyst community (Follow the Chief for daily updates on the latest market analysis and precise pinpoint levels. Long and short strategies are for reference only. Strictly set stop-loss and take-profit levels).
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"12.15 Market Analysis: The Daily Chart Urgently Needs to Break Higher, and This Week Requires Accelerated Movement."
Over the weekend, the market again consolidated and then dropped. The few pinpoint levels I provided last Friday saw some rebounds, but not significantly. Only SOL's 127.5 was relatively precise; the other rebounds at BTC's 88600 and ETH's 3060 were weak and unconvincing. On the daily chart for BTC, the OBV needs to break above the moving average to change its trend direction. These two are very close now, indicating that a trend reversal is imminent. Moreover, there is no significant outflow of volume, so the trend is likely upward. Additionally, the convergence pattern on the daily chart is about to reach its limit, so this week, just one or two strong bullish candles can complete the task, helping to break the Bollinger Bands on the daily chart.
$BTC Today, BTC's support at 88400 holds, and the rebound can continue. The resistance at 90200 is now acting as support and resistance switch. If the 1-hour level can hold, further upward movement should target at least 91900, with the next resistance at 93050.
$SOL The pinpoint level at around 127.5, given last Friday, has resulted in a rebound. Today's short-term support is at 129; as long as it does not break, the rebound can continue. Above, the 136 resistance must be stabilized to allow support and resistance to switch, with a target at 141.6. Meanwhile, the key level on the daily chart remains at 147; surpassing it would open up vast potential.
$ETH Ethereum saw a rebound at the 3060 pinpoint level last week, but the rebound was small. Today, support remains at 3070-3060; as long as it holds, the rebound can continue. The critical resistance above is at 3245; breaking it would enable support and resistance to switch, with a target at 3390. In summary, the daily trend for BTC indicates that a trend reversal is necessary this week, and just one or two candles with accelerated momentum can fulfill the rebound requirement. There’s no need to rush; be patient and wait for the rebound. When the support and resistance switch occurs at a key level, consider entering with a prudent stance, setting stop-loss orders. If you don’t understand the market or are unsure of the direction, welcome to join the Chief Analyst. Click to join the Chief Analyst community (Follow the Chief for daily updates on the latest market analysis and precise pinpoint levels. Long and short strategies are for reference only. Strictly set stop-loss and take-profit levels).