12.26 Bitcoin Preliminary Market Review

During yesterday's midday analysis of BTC, it was mentioned that there is a resistance level around 99300 above, and the suggested shorting range was 99500 - 99300.

Moreover, it was pointed out at that time that the middle band of the daily Bollinger Bands and the MA10 moving average intersect around 99500, forming a key resistance level, so the overall trading strategy should focus on shorting at high levels.

By the evening, BTC experienced a surge, with the highest price reaching around 99350, precisely entering the pre-set shorting range, at which point short positions were entered accordingly.

As of now, BTC has already dipped to a low of 97632, and the bearish market has successfully played out... Ensure the accuracy and objectivity of the content when rewriting, and do not add personal opinions.

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