【2024-12-2 Bitcoin $BTC Trend Analysis】

Currently, the situation in Bitcoin this morning is in a sideways consolidation in the short term, making it difficult to open positions at this level, which easily triggers stop losses. It is recommended to wait for the market trend. From a broader perspective, the weekly chart shows a sideways movement, while the daily chart is still consolidating in this region: 99312.7-91437.8. This range has been consolidating for nearly 10 days since November 21.

If this wave of consolidation does not break below: 91437.8, there will not be a significant pullback in the short term. Everyone should continue to wait for the market's movements over the next few days. If it does not break below the strongest support level: 78550, shorting will not yield significant profits. Opening short positions in a consolidation zone seems meaningless; the profits may not even cover the trading fees charged by the platform. Trading is not a production line; it does not mean that the more trades you make, the more you earn.

We suggest continuing to wait. After breaking out of this consolidation zone, we will enter and position contracts based on the direction chosen by the market. For the previously positioned spot holdings, I plan to continue holding them. Bitcoin needs a period of consolidation after continuously hitting new highs to yield results.

Follow me for precise points in each share; even beginners can grasp the wealth code. If you want to see analyses of specific varieties, leave a comment at #大盘动态 #大盘走势 #大盘行情 #BTC翻倍之路 #BTC☀️ .