Coin Circle Mr. Coin: 12.25 Bitcoin (BTC) Market Analysis Reference

Recently, Bitcoin has experienced a sharp drop of nearly 4000 points, with the price falling below 93000, and a rebound occurred when it touched around 92500. The subsequent market has seen a recovery and consolidation, with prices rising more than 7000 points, currently returning to the 98000 level, with short-term resistance at 99400, and both bulls and bears are in a stalemate. Mr. Coin recommends that the recent fluctuations in Bitcoin are significant, and it is advisable to operate with reasonable risk control.

From the daily chart, the trend shows multiple consecutive bearish candles, and the Bollinger Bands are narrowing, with the market operating in the middle to lower band area. In the short term, both bulls and bears are taking turns to exert force, with price increases being hindered by the middle band resistance, and the upper resistance is slowly moving downward. If there is no breakthrough in the future, then as time goes by, the short-term oscillating market will be broken, and there is a risk of price retracement. All indicators are parallel, indicating that the short-term daily market still leans towards oscillation. Recently, it even broke down with a nearly 16000-point drop, with bearish sentiment relatively strong. Currently, the trend has retraced to the lower band of the Bollinger Bands for a rebound. Although the subsequent market has a strong recovery, the overall trend still leans downwards, and the intraday price rebound has already been hindered. If it cannot break through the 100,000 mark, it is expected that the price will still face downward pressure. Therefore, it is recommended that without a breakthrough, friends in the cryptocurrency community should temporarily refrain from chasing long positions and be cautious of further retracement. The strategy should maintain a high short and low long approach.

12.25 Bitcoin short-term reference:

Long positions: Buy in the 95000-95500 range, with a stop loss at 93500, and a stop loss at 93200, target above 97000,

Short positions: Lightly short in the 99700-100500 range, target 500-1000 points, stop loss at 101500,

12.25 Ethereum short-term reference:

Long positions: Buy in the 3280-3330 range, with a stop loss at 3150, stop loss: 3130, target above 3400,

Short positions: Sell in the 3480-3530 range, stop loss 30 points, target 50-100 points,

The delivery of this message may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how confident one is in market judgment, it is essential to have stop-loss and take-profit measures in place to secure profits. #加密市场反弹 #圣诞行情分析 #BTC🔥🔥🔥🔥🔥 🔥 #ETH🔥🔥🔥🔥🔥🔥