$BTC

Will enter a repair period! The altcoin season is coming!

The upcoming market will enter a consolidation phase with two deep pullbacks that have already devastated the market. Currently, we can see levels between 88600~102000 or 76800~92300, consolidating within these two ranges to welcome the arrival of the altcoin season. After all, it is likely that Bitcoin will test the lower gap. If it really comes down to around 76800, it will definitely be a devastating blow for the bulls. A fluctuation of ten thousand dollars can liquidate many people's positions and stop-loss levels. Bao Ge's ability to open positions is also in small sizes. Before a big market trend appears, I think heavy positions are just giving away money.

Tonight, I am bearish and will play with short-term trades. Since the market is difficult to operate, I will look for some small-level bullish divergences to make short-term trades. Many traders need to pay attention to some bearish traps and bullish traps. I do not expect a bullish trend during Christmas; Americans will be on holiday, and the market will definitely drop at night. Hold on! This victory still belongs to the bears. If the market consolidates at this position between 88600~102000, it will be the best result for the entire market. However, based on historical experience, there is a possibility of filling the lower gap, so be aware of the risks.

During Christmas, do not short; then how can one make money? The order book and K-line are not weak, which also presents an opportunity to trap. A false breakout can attract many bulls to rush in blindly, recharging their faith. The upper resistance levels are 99360 and 100800, while the lower support levels are 94700 and 92300. Watch these levels in the short term. If things stabilize over the next couple of days, it will be the best time to scout for potential altcoins. Waiting for Bitcoin to stabilize! #BTC走势分析