December 6 Crypto Market Analysis + Crypto Information Gap
❌No hindsight analysis❌ ✅Maintain current positions, wait for market signals✅
1⃣ Major Market #BTC #ETH Current Key Support Levels:
--BTC: Those who opened long positions in the 93,000-91,000 range in the past two days, Stop-loss: No clear recovery or stop-loss exit on Sunday.
--ETH: Those who opened long positions in the 3,150-3,070 range in the past two days, Stop-loss: No clear recovery or stop-loss exit on Sunday.
2⃣ $BTC $ETH Yesterday's drop was a bit steep, so keep your defenses up, don't over-leverage your positions, the pullback to the descending trendline is in place. If there's no upward move on Monday, it's time to start cutting losses and observe, especially for chips bought at the bottom. The final stop-loss level is at 86,000. We need to see a reversal candlestick form between Sunday and Monday, at least on the 12-hour chart. If not, and the market just keeps consolidating, it's time to cut losses and observe.
If this helps you, please like 👍 and follow Qiang Ge. All views are personal opinions only. This does not constitute any investment advice.
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December 6 Crypto Market Analysis + Crypto Information Gap
❌No hindsight analysis❌
✅Maintain current positions, wait for market signals✅
1⃣ Major Market #BTC #ETH Current Key Support Levels:
--BTC: Those who opened long positions in the 93,000-91,000 range in the past two days,
Stop-loss: No clear recovery or stop-loss exit on Sunday.
--ETH: Those who opened long positions in the 3,150-3,070 range in the past two days, Stop-loss: No clear recovery or stop-loss exit on Sunday.
2⃣ $BTC $ETH Yesterday's drop was a bit steep, so keep your defenses up, don't over-leverage your positions, the pullback to the descending trendline is in place. If there's no upward move on Monday, it's time to start cutting losses and observe, especially for chips bought at the bottom. The final stop-loss level is at 86,000. We need to see a reversal candlestick form between Sunday and Monday, at least on the 12-hour chart. If not, and the market just keeps consolidating, it's time to cut losses and observe.
If this helps you, please like 👍 and follow Qiang Ge.
All views are personal opinions only.
This does not constitute any investment advice.