#BinanceABCs on December 22 at noon, BTC and ETH technical trading strategy

After the market consolidated over the weekend, a new trading cycle officially kicked off. The market saw a significant shift, with the confrontation between bulls and bears becoming intense and volatility notably increasing. We accurately captured this turning point and decisively executed a long trading strategy in the morning. Both cryptocurrencies yielded considerable profits—BTC entered at 88388 and exited at 89588, while ETH entered at 2992 and exited at 3055, earning 1250 and 63 points of profit respectively. Although the individual earnings are not particularly large, the directional prediction and strategy execution were once again validated by the market, setting a good tone for the week.

From the four-hour candlestick chart, BTC and ETH are both operating within a steady ascending channel. The current prices are hovering around 88500 and 3010, respectively, above the midline. It is worth noting that the Bollinger Bands are gradually narrowing, indicating a decrease in volatility and that the market is brewing a new directional choice. Technically, the MACD's dual lines remain strong above the zero line, indicating that bullish momentum is still increasing, and the upward momentum still has sustainability. This suggests that the current bullish direction dominates the market, with market sentiment leaning towards bullishness and there is still imaginative upward space. However, the KDJ indicator shows signs of a death cross, but at the hourly level, KDJ is actually turning upwards from a low position, indicating certain signal differences during the small and large weekly cycles. In summary, the next cycle is likely to present a volatile upward pattern.

Overall, under the framework of a long-term bullish trend, we should go with the flow and adopt a trading strategy of buying on dips. The defense levels can be set at 88000 and 2970, which are the final support lines. If these two positions are effectively broken, it indicates that the short-term upward structure may have been damaged, and long positions should be decisively cut to stop losses and exit.

BTC trading strategy: Gradually build long positions in the 88500-89000 range, with a short-term target around 89500, and if there’s an effective breakthrough, then look at 92500.

ETH trading strategy: Gradually build long positions in the 3000-3030 range, with a short-term target around 3060. If there is an effective breakout, then look at 3130.

$BTC $ETH