As expected, the short-term long positions were liquidated! 12.26 Big Pancake Sister's midnight thoughts.

The intraday short idea has been validated again. Before the opening of the US stock market tonight, it was publicly announced across the network to buy the bottom. It has also been validated! After the price broke through 96000, the US stock market opened lower, and the price retraced. Currently, it has rebounded above 96000 again!

Currently, the US stock market opened low and went for a slight rebound, and the funds in the recent spot ETF market are also gradually withdrawing. Today is even more explosive. The European Union issued a statement announcing that from December 30, 2024, all cryptocurrency trading platforms operating within the EU will cease to provide trading services for USDT stablecoin issued by Tether company.

This move may mean that cryptocurrency transactions will be heavily hindered. Of course, Tether used to have corresponding US dollar reserves deposited in the bank for every increase in issuance. However, doubts about whether Tether truly holds corresponding US dollar reserves have always existed in the market. Although Tether regularly releases audit reports, the level of detail and independence of these reports are often criticized.

In this bust event, it is just right to harvest the long positions, so Conan still prefers the short side. Everyone should be cautious about bottom fishing and going long. I think this wave of decline has not yet bottomed out, so Conan suggests focusing on shorting at high levels for midnight operations! Pay attention to the resistance levels around 97300, 99200, the 100,000 mark, 101,000, 102,000, and 103,000, and the support levels around 95000, 93500, 92500, and 90700.

12.26 Pie midnight operation ideas: aggressive players enter short at 97000-97500, conservative players enter at 98000-98500, defend near 99200 (can be adjusted reasonably according to their own position), target is around 96000-95500-95000, break through to see around 94000-93500-93000-92500

12.26 Ether midnight operation strategy: short at 3400-3450, add position near 3500, defend near 3550, target 3350-3300, break position look at 3250-3200-3150.

The impact of the overall environment is particularly important. The good news is expected to wait until a series of favorable policies signed by Trump after taking office. The EU's crackdown this time may mostly withdraw. Friends who follow today's long ideas can gradually move the stop loss to protect the profits and prevent downward breakthroughs. Wait for the opportunity to enter the market for short selling! #$GT持续突破历史新高 #2024 Gate.io 年度账单 #圣诞狂欢季，加密市场年终猜测