【2024-12-14 BTC Trend Analysis】

Currently, Bitcoin is still oscillating in this range: 102639.2-99088, which has been ongoing for 3-4 days. Everyone should try not to make trades; if there is a breakthrough in the short term: the first resistance level at 101582.6, then there will be a short-term long position, with the target being the second resistance level at 102318.6, which is just a 0.7% profit.

Today, Bitcoin has two pin-demand levels. I went out to play today, so I didn't release content in the morning. This morning, we hit near our first pin-demand level: 100751.1, and if the second pin-demand level: 100495.3 doesn't break, long positions at these two levels will trigger a rise, which is the 0.7% profit we mentioned above.

Why do we say this profit is only 0.7%? Because it's in an oscillating area, if it doesn't break above the oscillating area: 102639, there won't be a significant market movement. If you want to trade, you can only take short-term positions; those who know me understand that we generally trade long-term positions.

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