December 27 Trading Strategy
The BTC night market trends are still in line with expectations, showing a range-bound fluctuation pattern. The updated points during the night provide good reference for short-term trading opportunities.
From the current chart, it can be observed that after the selling pressure during yesterday afternoon's European session, BTC fell to 95200 and then formed a reversal pattern at the hourly level, stabilizing. Although there have been several rebounds during the night, it has not been able to break through the short-term resistance level of 96500 and has faced several retractions, indicating that the upward momentum is still relatively weak, and there is room for further correction. Therefore, the intraday strategy should primarily focus on selling high.
Intraday trading suggestion:
Enter short in the range of 96500-96800, targeting 95200 and 94600. After reaching the first target area, consider exiting and reassessing the breakout situation to decide on the subsequent direction.
