December 24th Trading Strategy

The current market shows that BTC rebounded to a high of 99,485 after a sharp drop on the 20th, subsequently entering a volatile trend, characterized by slow rises and sharp falls, with high and low points continuously declining. This is clearly a typical bearish consolidation downward pattern.

Although from a daily chart perspective, this upward trend has not completely reversed, in terms of intraday trading, one must adhere to market rules and operate in line with the current trend.

Due to the influence of Christmas, market liquidity is poor, and it is highly likely to maintain a difficult-to-break volatile state intraday.

Currently, BTC faces two resistance levels at 95,000 and 96,500 on the hourly chart, while support levels are at 93,500 and 92,700.

Given the current bearish consolidation downward trend, the trading strategy should focus on short positions primarily, with long positions as a secondary approach.

Intraday Trading Suggestions

Short in the 95,000 - 95,500 range, targeting 93,500. After reaching that position, plan the next move based on the breakout volume conditions.

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