【2024-12-18 BTC Midday Trend Analysis】

Currently, Bitcoin is telling everyone that yesterday we mentioned that Bitcoin's rise was very unhealthy. We advised everyone to hold off and wait for the market. This morning, Bitcoin made a 4-hour correction. If this correction does not break below: 1013553, it will continue to rise. However, if it does not break below this level, it will be difficult to see a significant market trend.

The reason I mentioned yesterday that we would see a correction soon is that Bitcoin is in a volatile upward trend, and from the chart, the strength of the bullish momentum is still relatively weak. Therefore, without a deep correction, it will be difficult for Bitcoin to start a substantial rise in the short term; it will only be small short-term long positions with little profit. We would rather watch than take positions.

If this correction breaks below this level: 1013553, there will be a deep correction. If this deep correction does not break below: 850007, it will continue to initiate a major bull market (note that I am referring to breaking below our first level and then undergoing a second deep correction). If a deep correction occurs, it will definitely last around 3-7 days, and everyone can prepare for short-term short positions.

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