December 18 Bitcoin (BTC) Trading Strategy Guide

Current market observations show that Bitcoin has started a correction after reaching the top of the ascending channel and has stabilized around the key support level of 104900 on the 4-hour chart.

Although short-term upward momentum has slowed down, the overall bullish pattern remains solid. As long as Bitcoin can effectively hold the key support at 104900, it is expected to resume a fluctuating upward trend.

For buyers looking to enter the market, the current correction low is a good opportunity to position themselves, potentially helping Bitcoin to reach new highs.

Today's trading strategy suggestions are as follows:

Consider entering a long position near the current price of 105100, with the primary intraday targets focused on the resistance levels of 106500 and 107500. Once the price reaches these areas and encounters resistance, it is recommended to take profits and wait for new low entry opportunities.