Crypto Circle Academician: On December 18, Bitcoin sets a new historical record, market greed index soars to 87? How to choose the best entry point?

The current price of Bitcoin is 106,500, it is now 4 a.m. Beijing time, and the main force has not shown a deep pullback, instead hovering at high levels. The daily K-line's lowest point is 105,650, and there is a maximum of over 2,000 points of opening space for short positions above 108,000. Under the condition that the large-scale trend remains unchanged, all pullback declines are treated as short squeezes, so don't be greedy; you shouldn't hold for too long. You can take profits once you capture a space of 2,000 points.

Let's look at today's market. The daily K-line once again stretches to break the historical record, peaking at 108,355. The bullish candlestick has been strong and continuous, coupled with double positive news from the market. It can be said that many hands make light work. The EMA15 trend quick line support has reached 101,000, and the EMA30 trend support key point has also reached the 97,000 mark. The MACD top divergence is becoming more serious, with continuous volume increase, and the gold cross trend of DIF and DEA. The upper opening of the Bollinger Bands has expanded to 106,000, and the K-line has been off track for three consecutive days, with the market greed index reaching a high point of 87.

On the four-hour K-line, there have been long upper shadows continuously, so it is possible that the main force is taking profits. Therefore, short positions can be taken above 108,000, with target references to EMA15 quick line support at 105,500, and EMA30 key support at 104,000. MACD volume reduction, and the high-level contraction of DIF and DEA indicates a bearish dead cross may form. Cautious traders can wait for a bottom test before mainly going long, as the risk of shorting is greater than the reward under the condition that the large-scale trend remains bullish.

Short-term strategy reference: The market is never 100% guaranteed, so always set a stop-loss; safety comes first. The goal is to take small losses for big gains.

Short entry points are between 108,000 to 108,500, with a stop-loss at 109,000, risking 500 points, and targets looking at 106,500 to 106,000, with potential breaks at 105,500 to 105,000.

Long entry points are between 105,000 to 104,500, with a stop-loss at 104,000, risking 500 points, and targets looking at 106,000 to 106,500, with potential breaks at 107,000 to 107,500.

Remember, the fundamental of trading is survival, and only then is profit. I am a warrior who has always been protecting the retail investors. I wish my fans achieve financial freedom in 2024. Let's work hard together! $BTC #比特币行情分析 #BTC合约