December 18 BTC Trading Strategy
From the current market perspective, BTC has pulled back after reaching the upper channel, currently retracing to the support level around 104,900 on the 4-hour chart.
Although the strong upward momentum has been interrupted, the overall structure has not changed. As long as the support level of 104,900 is maintained, the subsequent trend may still maintain a volatile upward trend. If buying pressure continues to enter the market, BTC is expected to further challenge new highs. Therefore, during the day, a pullback to lower levels can still be seen as a buying opportunity.
Day trading suggestion:
You can enter a long position near the current price of 105,100, with initial targets at 106,500 and 107,500.
If the price encounters resistance at these two levels, consider taking profits and exiting, waiting for a lower position to re-enter a long position.
