Midnight Thoughts on 12.20

In the weak intraday market, our approach to trading remains consistent, and we won’t take risks when the potential losses are too great. During the day, we projected that Bitcoin would hover around 101000, looking at the range of 100000-99500, and then the market fell to around 98700. This was a perfect prediction of this downward movement, allowing us to easily capture nearly 1700 points in space, and our thinking aligned with the intraday trend.

Currently, the daily chart clearly shows a downward trend for Bitcoin, with bearish candles appearing. After a decline in the evening, the upward resistance has significantly weakened, indicating that a subsequent downward trend is just a matter of time. Signs of increased volume have emerged, and the market remains firmly within a downward center, with moving average indicators clearly pointing downward. If we close with a bearish candle today, the 100000 area will solidify as a short-term bottom. Overall, multiple technical indicators point towards a strong downward trend.

In terms of operations, it is recommended to trade Bitcoin around 101000-100500, with target areas to focus on being around 100000-99500!

In the vast sea of people, meeting Ye Fan is fate! While good horses are common, true talent scouts are rare. Just as good horses achieve greatness with the help of scouts, so too do scouts thrive thanks to good horses. Therefore, making choices is very important.