The last day of the year 24, about to conclude perfectly, waving goodbye to 24 and welcoming the new 25. Bitcoin has risen from 37,000 to 108,000. Is this not a year of the bull? In the year of the snake, I hope the fans of Jiu Ling can raise their heads like the golden snake and meet at the peak!
Looking back at yesterday's market, the short strategy around 943-945 was accurately triggered again. After the U.S. stock market opened in the evening, the market moved as we anticipated, dropping from around 940 to 91,500, reaching our target point from yesterday. I wonder if everyone caught this wave.
From the perspective of the one-hour candlestick chart for Bitcoin, it just hit the EMA120 position and then formed a correction, breaking the mid-band and approaching the lower band. The upper band of the Bollinger Bands is also trending downwards again, with a reduction in volume above the zero axis. The fast and slow lines are also converging, showing that it really goes up and then comes down; in the MACD, it continues to show weak volume below the zero axis, with the fast and slow lines intentionally showing a second divergence. The bearish trend will continue. Currently, looking at the market trend, the short-term strategy is still mainly about selling high and buying low!
For Bitcoin, short in the 930-935 range, add to short at 945, initially focus on yesterday's low of 91,500. If it breaks below, continue to look down to 90,500-89,500.
For the second Bitcoin, short in the 3,380-3,400 range, with a stop loss at 3,320, and a target of 3,480.
Focus on the trading system of Jiu Ling, and do not make ambiguous technical indicator analyses $BTC .