Crypto Circle Scholar: Will Bitcoin Bulls Recover on 12.29? How to Find New Opportunities Above 95000?
Current Bitcoin price is 95100. Previously, it was mentioned that if the shorts above 98000 break the previous low, hold on. If it doesn't break and pulls back below 94000, it should be taken profit, as the short-term market shows a pullback, making it temporarily unsuitable to go south. After the pullback ends, if it breaks above the pressure level of 95500, opportunities to go south can be looked for. The biological variety is all messed up again, and it’s already past six in the morning. Additionally, the market situation on Sunday will give direction only in the evening, so before that, everyone can take a rest.
The daily K-line shows a high of 95350 and a low of 94130. The market is showing a slow upward trend. Will there be a rapid decline? The current K-line is at the position of horizontal support and trendline support. Pay attention to the EMA30 resistance level at 96700 on the pullback. The southbound support point is at 91400. MACD shows a continued decrease in volume, and DIF has fallen into the 0 axis, forming a polarization with DIF, indicating a typical sideways trend. The lower Bollinger Band has moved down to 92000, and the middle band has shifted down to 99000. In the short term, whether going south or north, waiting is necessary. Control your hands and wait for key resistance or support before acting.
The four-hour K-line has pulled back to the EMA15 trend resistance level of 95300. The entry point for going south refers to the EMA30 resistance level of 96000. MACD has seen continuous volume contraction and accumulation, and DIF and DEA may form a golden cross at any time. The middle Bollinger Band shows 96000 resistance as a reference; as long as it can't stabilize at the middle band, going south can be chosen. Two positions can be found as entry points for going south.
Short-term strategy reference: The market is never 100%, so always use stop-loss; safety first. Small losses with big profits are the goal.
Northbound trial entry point is 93000 to 92000, defending at 91000, stop-loss at 500 points, target at 94500 to 95500, breaking point at 96500 to 97000.
Southbound trial entry point is 96000 to 96500, defending at 97000, stop-loss at 500 points, target at 95000 to 94000, breaking point at 93000 to 92000.
Southbound entry point is 99000 to 99500, defending at 100000, stop-loss at 500 points, target 2000 to 5000 freely taken profit.
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