12.29 Chen Fei Talks Currency
The Bitcoin market continues to fluctuate. After reaching around 95800, the price has dropped to the current mid-line support at 94800. Currently, the Bollinger Bands are also opening upward, and the mid-line and MA moving averages are forming upward support. Overall, the support is quite strong. The KDJ bullish indicator has reached a bottom position, and the MACD red momentum is also increasing. Therefore, it is suggested to continue with long positions on pullbacks.
Bitcoin (BTC)
Direction: Long Position
Price Range: 94500～94300
Take Profit: 95200～95600
Stop Loss: 93900
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