Morning Analysis and Trading Suggestions for December 11
The previous evening's public guidance was to go long first and then short. Although there was a discrepancy from the target price for Bitcoin, it did not significantly impact the intraday profits, allowing for three consecutive waves of long and short trades!
From the daily chart perspective, the overall market is in an upward trend, while the periodic movement resembles a high-level range-bound struggle, with neither bulls nor bears showing continuity. In the short term, the rhythm is characterized by a rise followed by a pullback, with the highs gradually descending. The short-term rhythm shows a tug-of-war between bulls and bears, but the trend is forming a downward oscillation pattern. On the hourly chart, there are signs of a turning point in the moving averages, so continue to monitor the market's pullback situation in the short term. The trading strategy is to adopt a bearish approach at high levels.
Trading Suggestions:
Short Bitcoin at 97000-96600
