December 18 BTC Trading Strategy

From the current market, it can be seen that BTC has surged and reached the upper channel before starting to pull back. Currently, it has pulled back to the 4-hour support level around 104900.

Although the strong upward momentum has been interrupted, the structure has not changed. As long as it holds the position of 104900, the trend will continue to be a fluctuating upward trend. If buying pressure enters the market, it will continue to push for new highs. Therefore, for intraday operations, a pullback to a low position is an opportunity to trade.

Intraday trading suggestion:

You can enter at the current price of 105100. The initial targets are 106500 and 107500. If there is resistance at these two levels, it is advisable to take profit and exit before looking for a low point to re-enter.