#币安Alpha项目公布
December 20th Bitcoin Morning Analysis
Bitcoin has dropped a lot in the past two days, and the risk aversion sentiment has eased a bit. Let's see if there are any rebound opportunities to enter long positions.
First, let's take a look at the daily closing situation:
The bullish candle on December 11 confirmed the upward signal, rising from 942 all the way to 1080. Therefore, the bottom of this bullish candle at 957 has some support. If the price breaks below 957, we will have to see if 942 can hold. But don't worry, friends who still have short positions at 1059 can wait a little longer. There is a gap at 738 below in futures, and the weekly correction target is also this price, so the short position can be held a bit longer.
Currently, Japan is not yet ready to raise interest rates, but it can be basically confirmed that the interest rate meeting in January next year will likely involve a rate hike. Coupled with the Christmas and Spring Festival holidays, if you want to go long now, it's best to focus on short-term longs.
Let's take a look at smaller timeframes to find trading opportunities:
The price has returned to the previous key level of 972. As long as it does not fall below 957, we can consider taking a short-term long position with a target resistance at 988. If the trendline (at price 972) becomes resistance, then the key support will be around 90,000.
Now, let's focus on the prices of 972 and 957 to see if they act as support or resistance. If 972 is broken, we can chase the shorts; if it does not break, we can take a shot at going long.
Alright, that's the analysis for the morning trading strategy. What do you all think? Feel free to discuss in the comments. I'm your novice, analyzing for free every day, hope you all like it.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with significant potential, where an expected return of over 10 times is not a problem. If you want to make big money in the bull market, like and comment, and I'll take you through the entire bull market!
