Today's Market Analysis - BTC - 12.25
For technical analysis learning reference only, not as investment opening advice. Profit and loss are at your own risk.
Daily Chart Analysis: Due to the impact of the Christmas holiday, market liquidity is low, and today's market performance is relatively flat.
The price reached a daily high near 993 and then fell back to 973, with further support around 964. We need to be cautious of the extreme position at 95, where there are signs of capital accumulation.
A bullish candlestick appeared yesterday afternoon, but the trading volume was low, which may be a short-term pump due to the Christmas holiday.
Overall, market sentiment is relatively cautious, and the price is expected to retest 95, although it may not happen today.
4-Hour Chart Analysis: Current bullish momentum is weakening, and the market is lacking upward strength, with price action gradually losing momentum. It is advised to avoid blindly chasing long positions and to remain cautious.
15-Minute Chart Analysis: The candlestick at 8:45 AM shows that there is capital pressure above, further confirming the view that there will not be a significant rise in today's market.
Intraday Trading Strategy: Given the poor liquidity during the Christmas holiday and that the European and American markets have entered the holiday, it is recommended to wait for a pullback before entering at lower levels to set up long positions.
