Crypto Circle Scholar: Will Bitcoin Surge to 100,000 on Christmas Eve, December 25? Christmas Special: The Best Timing and Strategies for Short-term Trading!
The current price of Bitcoin is 998,300. It is now 3:30 AM Beijing time. Reflecting on the previous article's strategy, we shorted at 96,500 and finally took profit at 94,000, and went long at 92,500 and took profit at 96,500. One long and one short, precise layout and perfect strategy. After a double bottom formed, we could not continue to be bearish, especially since many crypto friends who shorted around 96,500 during the rebound were ultimately swept out. This is particularly true after a triangular flag pattern appeared in the short term.
The daily K-line reached a maximum of 99,500, just a step away from the 100,000 mark. Now, 100,000 is not a difficult target. The minimum was 98,550, and the EMA15 resistance level of 98,600 was broken. As long as the K-line does not break the EMA15 fast line before the daily close at 8 AM, there is a high probability of continuing to rise today. We will wait until after the daily close to make a decision, focusing on the EMA30 support at 96,900. The MACD volume is beginning to decrease, and the DIF and DEA are close to the 0 axis, ultimately remaining above without breaking down. Additionally, the K-line has pulled back to the Bollinger Band's lower track at 93,400. It is now pushing towards 99,600, so attention should begin to shift to the upper resistance level, with the upper track resistance at 106,000.
The four-hour K-line's downward mesh spreading trend has just ended, and the K-line has immediately pulled back with a strong upward line breaking through the EMA trend line and standing at a high level. It is currently consolidating above the EMA trend high point support at 98,000. The MACD has continuously increased in volume, and the DIF and DEA are opening upwards from a low position. The upper Bollinger Band's track at 98,800 has been broken. The short-term market is approaching the overbought zone, indicating effective upper space. After all, today is Christmas Eve plus Christmas, and a black swan event is unlikely, so the probability of a false breakout is significant. The strategy should consider short positions after hitting the 100,000 mark again, and consider long positions when retracing to the 0.618 Fibonacci level.
Short-term strategy reference: Small losses and large profits are the goal; safety first.
Short position entry point from 99,500 to 100,000, with a stop loss at 100,500, risking 500 points, aiming for a target of 99,000 to 98,000, and a breakout level at 97,000.
Long position entry point from 96,500 to 97,000, with a stop loss at 96,000, risking 500 points, aiming for a target of 98,000 to 99,000, and a breakout level at 99,500.
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