Thursday evening analysis of Bitcoin market on 12.12!
Bitcoin has dropped for two days and was pulled back to the original high point in just one day. This kind of wide fluctuation at the daily level has an up and down range of six to seven thousand points. Our trading signals were also disclosed in advance, and I believe those who followed along have taken off, right? In the morning, our short position at the high was also provided for a pullback as expected, and we captured over 800 points from this pullback in Bitcoin. Similarly, we also secured over 20 points in our secondary position. If you are struggling to grasp this kind of market, you might as well try to follow along here; a single collaboration could lead to a different result!
Bitcoin's daily chart surged back into bullish territory, reaching the second resistance level near 102000 that I provided in the morning. After a small-level rise, it started to pull back, testing support at 100327 below. If this level is not broken, it will continue to push up, attempting to break through the upper resistance at 102000, with additional resistance levels at 103655 and 104648 nearby. If the two-hour closing breaks below 100327, there will be a pullback starting at two o'clock and four o'clock in the afternoon, with the two-hour closing falling below 100327 leading to a correction. The lower support to test is: 99600, 98746. If the four-hour closing breaks below 98746, the daily chart will enter oscillation again!