December 28 (Saturday) Day Trading Strategy
Market Analysis:
The current market shows that Bitcoin attempted to break the upward resistance yesterday but failed. After pulling back to around 93500, it rebounded to around 94800, then entered a narrow range of fluctuations. Currently, the price is running around 94300, showing an overall range consolidation.
From the four-hour chart, Bitcoin is fluctuating below the middle band. Although there are signs of a rebound, the trend still appears volatile. In the current environment, it is not advisable to pursue a one-sided breakout. It is recommended to focus on resistance and support levels and adopt a strategy of selling high and buying low.
Trading Recommendations:
Bitcoin (#BTC ):
Go long in the 93500-94000 range, with a target of 95500-97000.
Ethereum (#ETH ):
Go long in the 3270-3300 range, with a target of 3370-3450.
Be sure to set stop-loss orders strictly and manage risks cautiously to cope with sudden market fluctuations.