December 17 Bitcoin Trading Recommendations and Market Analysis

Recently, the Bitcoin market has shown significant volatility, with prices continuing to rise. Yesterday, it briefly climbed to around 107800 before facing resistance and retreating. However, the pullback was relatively limited, putting considerable pressure on some investors holding short positions.

Technical Analysis:

- The four-hour Bollinger Bands are showing an upward opening shape, indicating that the overall trend remains in a strong upward movement.

- However, the MACD indicator shows a decrease in bullish momentum, and the upward trend is slowing down.

- The KDJ three-line convergence indicates that the current market's long and short forces are in a stalemate, with weak pullback strength in the short term.

- From a daily perspective, the K-line has touched the upper Bollinger Band, indicating that Bitcoin faces gradually increasing pressure when moving upward, and the upward space is narrowing.

Intraday Trading Recommendations:

Adopt a rebound short strategy as the main approach:

- Entry Range: 107000 - 108000 Short

- Target: 105000 - 103800

- Risk Control Point: 108500

Overall, Bitcoin's current upward momentum appears slightly weak, and after facing resistance during the rebound, a pullback is expected. It is recommended to adopt a cautious approach and manage risks effectively. $BTC #BTC☀ #BTC走势预测