Tuesday Morning Bitcoin Trading Strategy Analysis on 12.17

In the ocean of the stock market, everyone is a navigator. Facing the tumultuous waves, we may feel lost or exhausted, but please remember that every valley is preparing for the next peak.

On the weekly chart of Bitcoin, the price continues to show an upward trend, and the Bollinger Bands are expanding upwards, indicating a strong market. At the same time, the MACD moving averages are also showing an upward movement, with bullish momentum gradually increasing.

On the daily chart, the Bollinger Bands have also started to slightly open, allowing the bullish trend to continue, while bearish volume has correspondingly decreased. This indicates that the market will still be dominated by bulls in the short term.

Further observing the 4-hour chart, we can see that the price is steadily running above the middle band, with bullish volume continuously increasing. However, it is worth noting that the KDJ line has started to move downwards at a certain point, which may signal a short-term correction in the market.

Last night at 106200, if anyone has made a profit on their short position, they can exit early. There is no need to hold onto short positions; currently, focus on the pressure in the 105000-107000 range, adopting a strategy of selling high and buying low.

Trading Suggestions

Buy around 105200, target 107000.

If it breaks 108000, but does not break, consider reversing to short.