【2024-12-12 Bitcoin Trend Analysis】
Let's take a look at the evening trend of Bitcoin and the current situation. Currently, Bitcoin is experiencing a 4-hour rebound today, and this rebound has quite a strong momentum, almost breaking through our previous upper resistance level: 101295.2 (written incorrectly in the image). It is not a good time to open a position at this level today, so I did not provide the wealth code for everyone.
The risk of this rebound is relatively high. We only need to focus on whether we can break through this upper resistance level in the next two days. If we can, we can look for opportunities to continue placing contracts and increasing long-term spot positions. Everyone must be patient; do not be scared away by those who are shouting to short in the square regarding the spots we previously laid out.
In the past two days, I have been encouraging everyone to remain bullish. We know there are short positions, but we will not encourage everyone to take them because the profits are small and the risks are high; the risk-reward ratio is not proportional. For example, when laying out spot positions for this bull market, old followers should know that I prefer laying long positions or contracts with large profits. The Bitcoin bull market is still ongoing; do not short. Smart people should look at the long term. The 100,000 mark does not need to wait until the end of the year; if nothing unexpected happens, it will break this month. I expect this bull market to end around July to October 2025 (let's wait and see).
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