12.23 Monday Day Trading Strategy
Still maintaining a bullish outlook for the day, we forecasted Bitcoin around 96000 in the early morning, looking at the range of 94500-94000. The morning market retraced to around 93600, which perfectly predicted this early wave; we captured nearly 2000 points of space with Bitcoin.
From the four-hour chart perspective, the technical indicator BOLL analysis shows the three lines oscillating downward. The K-line is running just below the middle track, which can also be seen as a long-term moving average resistance level. MACD showed a small rebound in the morning with an increase in bullish volume, but it did not sustain. The DIF and DIE double lines continue to operate below the waterline. Overall, Bitcoin is still in a bullish trend.
In terms of operations, it is recommended to buy Bitcoin around 96000, targeting the range of 94000-93000.
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