December 18th Auntie Bitcoin Silk Road Operation Reference
The rapid decline in the morning session is not a bad thing for us who are optimistic about the upward trend. The price of Bitcoin has already reached a maximum of 108300, so breaking through the price near the bottom of 11 does not seem far away from us.
This morning, after Bitcoin dropped to around 103555, a clear bearish formation emerged, indicating that the market's pullback is mainly a washout action by the big players. Next, the bulls will begin to gather strength.
The daily closing formed a Doji candlestick, showing the market is in a state of consolidation. The daytime continues to pull back, but it is likely to break key support. The four-hour chart shows that after yesterday's attempt to reach a new high, the price of Bitcoin pulled back to near the middle track and halted its decline, indicating that the strong upward trend has not changed, and there is hope for victory in the upward trend in the short term. The middle track can be used as short-term support for layout.
Daytime operation suggestions:
Bitcoin: Current price around 103600, can lay out long positions at this level, with a stop loss at 102800 and a target price of 104800.
Auntie: Operating range around 3815, with the stop loss set at 3775 and a target price of 3865.
