Crypto Circle Academician: The head and shoulders bottom signal for Bitcoin appeared on 12.12, can it break through the strong resistance zone of 101500?

　　The current price of Bitcoin is 100500, it is now 3 AM Beijing time, let's review yesterday's short position at 97800, which was fully cashed out at 96500. I originally wanted to see if it would further break the previous low and challenge the 90,000 mark, but after the main force retested 94000, it did not go down again, starting to pull back and rise, and a morning star bullish indicator appeared. The uncertainty of the head and shoulders bottom trend is whether it has really formed, so I entered a short position at 98000, with a stop loss at 98500, and finally exited with a small loss. After hedging both positions, I only took 700 points, which is better than nothing, and I'm currently holding after getting on the car at the pullback of the downtrend line at 97800.

　　The larger trend has not ended, but the bearish trend is too strong to determine whether it is a real short squeeze or a false short. Therefore, when reaching an obvious resistance level, one must enter the market. It is clear that our short position at 98000 was stopped out; it’s okay to make mistakes. I often say a phrase: the essence of trading is to wait for entry signals in the market using our verified system, execute if it meets the criteria, set stop losses according to system requirements after entering, minimize losses, and if wrong, stop, if right, hold on. Through repeated deliberate training, probability and results will emerge.

　　The daily candlestick has pulled back upward, reaching a maximum of 101100 before publication and a minimum of 95660. The bullish trend remains unchanged, MACD is reducing volume and increasing positions, DIF and DEA are still at high levels, and the Bollinger Bands are still in extreme contraction. The candlestick has pulled back to impact the upper resistance level of 101675. The four-hour candlestick head and shoulders bottom pattern has broken the EMA trend indicator at 98300, once again standing at a high level. The EMA trend indicator has returned to a bullish trend, MACD has increased volume and positions, and DIF and DEA have formed a golden cross trend. The candlestick has come to below the upper band of the Bollinger Bands at 101350, and there is currently clear strong resistance. The main force has formed a very strong pressure zone at 101500 several times. When shorting, be sure to set the stop loss. Don't chase long positions for now; wait for a pullback and support before starting to lay out long positions.

　　Short-term reference:

　　Short from 101500 to 102000 above, with a defense at 102500, stop loss 500 points, target looking at 101000 to 100000, break point looking at 99000 to 98000.

　　Long from 98000 to 97500 below, with a defense at 97000, stop loss 500 points, target looking at 99000 to 100000, break point looking at 101000 to 101500$BTC #比特币行情分析 #BTC合约