December 9 Morning Silk Road:

The four-hour K-line shows a symmetrical triangle contraction phase, also known as a tailing market, commonly referred to as a sideways phase. The current position of the EMA15 is exactly where the K-line is located, still in a bullish trend. MACD shows a top divergence with decreasing volume, and the DIF and DEA are expanding downwards at a high level, further expansion is expected. The Bollinger Bands have also contracted, with the upper band reaching 101500 and the lower band focusing on 97300. There are signs of a downward retracement, so don’t rush to enter; wait for a pullback to test support to find an opportunity to continue going long, as the trend is bullish. Treat all pullbacks as false signals for shorting and avoid the urge to sell off, as this is currently the strategy with the least risk.

Short-term strategy reference:

For the upper level around 102000, defend 700 points, target 100000, and if broken, look at 99000.

For the lower level around 98300, defend 700 points, target 100000, and if broken, look at 101500.#BTC☀ #ETH🔥🔥🔥🔥