Evening analysis and trading suggestions on December 10
From the 1-hour K-line of Bitcoin, after the price broke below the lower Bollinger Band in the afternoon, it quickly rebounded and has been moving upward along the lower Bollinger Band. It is now below the upper Bollinger Band, with an upward trend. The MACD lines are also moving straight up, indicating a bullish trend, while the KDJ three lines are moving upward with an increasing gap, suggesting a continued bullish trend! Overall, it is a trend of a pullback looking bullish, but the current rebound strength is not strong. In the last two days, there have been two significant downward tests breaking into bullish territory, and the current rebound strength remains weak. The overall strategy this evening is to focus on shorting at high levels, while aggressive traders can consider going long first and then shorting.
Trading suggestions:
Bitcoin long at 96800-96300
