December 1 BTC Trading Strategy
After a spike on Friday evening, BTC has been slowly oscillating downward over the weekend. The 4-hour level is still in a pullback, and although there is currently a rebound, the short-term resistance at 97000 is hard to break through given the low liquidity over the weekend. If the closing of the next 4-hour candle does not hold above this level, it will continue to pull back, with the short-term support at 95400. If it breaks down further, it will extend into a daily level pullback.
Therefore, if the hourly level fails to close above 97000 during the day, do not blindly go long; instead, adopt a high short strategy.
Intraday trading suggestion:
Short near 96800 on a rebound, targeting the position at 95700 first.
