Will Bitcoin rebound or fall on December 28?
Let’s talk about yesterday first. It continued to retreat recently. After the first trigger of 95200, it began to deploy the second orange, shorting at 96600-96800, and the second orange was also deployed at 3360-3380. Since the strategy was issued, although it did not move towards the target, it has given multiple entry opportunities and a large space in the direction!
After the strategy was issued at 11 o’clock last night, Bitcoin first fell to the grinding wheel around 95200. From the time of 1 o’clock to 1 o’clock, it repeatedly tested the upper 96500 area, and fell back after confirming the damping. It was pulled in the 95400-96000 range until 9 o’clock in the morning.
After the second damping at 10 o'clock in the morning, the big cake returned to the 95800 area and continued to pull upward. It tested the 96400 area three times at noon. This time it fell back to the 96000 area and began to rebound. At this time, several major indicators are normal, but it has not yet pulled upward, but it has tested the 96500 area four times and then crushed down with a large volume, smashing 2,000 points, and the lowest pin was around 94400!
After rebounding and stepping on the top of the 95800 box, the bulls took advantage of the rebound again and bought, pulling close to 2,000 points, completing this two-way liquidation. From the perspective of the macd indicator, it is just an unexpected second rebound, and the sustainability is not high. It is just the profit-taking of the shorts and the exit of the high-level bulls.
Previously, the main force pulled up and shipped a round, and now it is unwinding and leaving a round. What do you think about the follow-up? There is a high probability that it will return to a volatile downward trend. The second cake is suspected of falling instead of falling. From 8 am to now, there have been three rounds of fluctuations. Long and short positions have each cleared 5 million positions. The overall balance is relatively balanced, which is much worse than before.
There is no need to be afraid. The same rebound short-term market can be handled. There are only two possibilities for weekends without looking at the rebound, which is a shock downward and a wide range of shocks. The second cake attracts attention at 3450-3401-3346.
The big cake needs to pay attention to the area of 97200, 96400 and 95200. When I need to be alert to the exit of shorts, the bulls take advantage of the opportunity to chase the rise and force the position!
Because the one-hour and four-hour rebound may be upward, we do not rule out the possibility of a counterattack. The structure supports it, but the volume and logic do not support the rebound at this moment. So we are still optimistic about the downward trend.
In extreme cases, the big cake stops loss at 97870, the second cake stops loss at 3453-3461, and the stop profit follows the market
