Before the US stock market opens on Monday, the BTC price is still oscillating along the lower edge of the fluctuation channel - the cyan line. The market trend from Monday to Tuesday is likely to develop based on the status of the cyan line's support;
If the cyan line continues to maintain effective support: the price will consume the remaining floating supply through a shrinking bearish trend and then rebound towards the middle track to test again, currently the middle track is around 99900;
If the cyan line's support starts to fail and the price breaks below: then the market is likely to conduct another test of the blue average support zone, currently the average support zone is within the range of 91500~88900;
Overall, the market is completely in a range oscillation state. Long-term spot traders can take a break for Christmas. Although the bullish trend at the daily level structure has been broken, the weekly level is merely in a trend pause state. The next step is to wait for this range to break out in a new direction, deciding whether to continue riding the bull or to get off;
Short-term futures players can start operating. Every time the price approaches the blue average support zone is a great swing long opportunity, while a price pullback to the middle track is a great short opportunity;
The greatest benefit of these two approaches is that by removing the key price points from the market, we can have a good stop-loss point. Long-term traders understand how important a good stop-loss is!
Especially in oscillating markets, trading rules require us to set stop-losses, but if the stop-loss is too far, it will lower the profit-loss ratio and reduce capital efficiency. A stop-loss that is too close in an oscillating market is essentially giving money away, so a good stop-loss position is far more important than a good entry position; #萨尔瓦多将“加速”增持BTC #本周微策略是否继续增持BTC? #圣诞行情分析 #比特币市场波动观察 #币安LaunchpoolBIO