December 20th Afternoon Market Analysis:
Yitai Trend:
In the morning, the Yitai price started to gradually decline from around 3465, touching a low of around 3370, then rebounding to around 3465, currently priced at around 3413.
Bitcoin Trend:
Bitcoin fell from around 98400 in the morning to around 95900, then rebounded to around 97700, currently at around 97000.
Technical Analysis:
Four-Hour Structure:
The Bollinger Bands are opening downwards, and the Bitcoin's peak is gradually shrinking and touching the lower band, the KDJ indicator is gently moving downwards, and the MACD indicator is opening downwards.
One-Hour Structure:
The Bollinger Bands are opening downwards, the Bitcoin's peak continues to shrink, the KDJ indicator is gradually opening upwards, and the MACD indicator is showing a convergence with upward signs.
Afternoon Trading Suggestions:
Bitcoin:
If Bitcoin rebounds to the range of 98400-98800, look towards the support near 96500-96200. If it breaks out and rebounds, pay attention to the resistance near 100800.
Yitai:
If Yitai rebounds to the range of 3500-3525, look towards the support near 3400-3380. If it breaks through this area, pay attention to around 3621.
Trading Strategy:
The afternoon market leans towards a range-bound fluctuation, with Bitcoin's fluctuation range at 98400-95800, and Yitai's fluctuation range at 3470-3350. It is recommended to short at high positions and long at low positions, with strict defense.
