12.31 Afternoon Analysis of Bitcoin Market

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If you are still lacking in grasping the market, consider closely following the steps here.

The Bitcoin market fluctuates like a roller coaster, with fierce battles between bulls and bears. At midnight, the price dipped to around 91500 and quickly rebounded, but in the early morning, it encountered resistance at around 95000, leading to a pullback. Currently, it is stuck in a consolidation pattern near 92000.

In terms of technical indicators, the KDJ has shown a tendency to form a golden cross after narrowing, which undoubtedly suggests that the bullish forces still have significant upward potential. Therefore, short-term operations during the day can be arranged around a strategy of shorting high and longing low.

Specific operational suggestions are: go long on Bitcoin in the 92000 - 91500 range, with a target price of 94500;

For Ethereum, go long in the 3320 - 3300 range, setting a target price of 3450.

It is important to note that the crypto market is unpredictable, with rapidly changing conditions. Always exercise caution in managing risks and flexibly adjust strategies.

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