Market Overview
Spot Price: $106,788 USD
Contract Price: $106,738 USD
Current Time: 2024-12-17
Current Market Price: $106,788 USD
Total Market Capitalization: $2.11 trillion USD
24-Hour Trading Volume: $105.79 billion USD
Bitcoin Long-Short Ratio
According to the latest data, the ratio of bullish accounts for Bitcoin is 39.29%, the ratio of bearish accounts is 60.71%, and the long-short ratio is 0.65. This indicates that bearish sentiment in the market is slightly stronger than bullish sentiment.
Four-Hour Cycle Trend Analysis
Within the four-hour cycle, Bitcoin's price shows a stable upward trend, and the current price is fluctuating within a strong range. Investors may see some rebound resistance at this relatively high price level. However, overall, bullish strength still dominates the market.
Trading Strategy Recommendation (Four-Hour Cycle)
Bullish Entry Point: $106,000 USD
Bullish Take Profit Point: $110,000 USD
Bullish Stop Loss Point: $105,500 USD
Trend: Bullish
Based on the current four-hour cycle, it is recommended that investors consider going long when the price retraces to near $106,000 USD, with a price target set at $110,000 USD. To guard against unexpected fluctuations, the stop loss price is set at $105,500 USD.
Specific Strategy Recommendations
Current market sentiment is positive, with strong bullish momentum for BTC. It is advised to patiently wait for buying signals near $106,000 to minimize entry risk, while also monitoring key support and resistance levels in the market.
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