$BTC

On the evening of December 13, 2024, at 18:10, Brother Bao's trading notes

First of all, Brother Bao wants to say that before the New Year, 120,000 is the target! Hold on! Waiting for a big surge!!!

Currently, the information provided by the hourly level and line level market is still not showing a very depressed feeling. The CVD (which provides a visual representation of market buying and selling pressure by calculating the difference in trading volumes between buyers and sellers) is not rising either, and the open interest has been slowly increasing. In this situation, there is no obvious bearish divergence, but one should pay attention to short traps. The reason why Bitcoin was able to break through 100,000 USD so quickly is that short fuel is definitely the biggest contributor, and the BTC price is expected to be around 110,000 to 120,000 before the New Year.

Looking at the daily level, the bullish candle on the 11th pulled back the drops of the previous two days, proving that Bitcoin is still in a strong phase. Yesterday, it also dropped over 2,000 USD. Many people might wonder if it will keep dropping and consolidate back to 0.168, which is around 95,300. Brother Bao thinks that’s unlikely. From a smaller 4-hour candlestick perspective, Bitcoin has been forming a parallel top, making many people feel that breaking 102,000 is very difficult. Even if it breaks through in the early hours of today, it quickly retraced, followed by a drop, making the probability of a short trap very high. Therefore, opening a short position at this time is definitely not a good choice. Do not fantasize about shorting the strongest coin in the crypto sector. The bull does not say the peak! Brother Bao has said that once the BTC trend line breaks, he is definitely a bull!

Trading plan

Enter a long position at 99,300 and add to the position at 98,600 for long orders. This is currently the best trading position Brother Bao sees. Stop loss at 97,800 and take profit at 101,990. It's still the same old rule: if you catch it, you can profit, and if you don’t, you just lose a trading opportunity!

Today is also the biggest day of the week for market movements. This weekend is expected to be like previous ones, with open interest slowly decreasing, and fluctuations starting to shrink. It can be regarded as the last opportunity to profit this week! Next week, we will continue to see big profits! Brothers who have finished reading can give a thumbs up, comment, and share with a single click~#BTC☀