Cryptocurrency Scholar: Bitcoin Breakthrough on 12.16! Bullish Trend Continues, Where Are the Best Opportunities for Shorting and Going Long?
Current Bitcoin price is 103200, it is now just past 4:10 AM Beijing time, I have been reminding everyone that as long as the bullish trend remains unchanged, all pullbacks should be treated as short squeezes. Before today’s publication, the price movement has stretched 2000 points compared to the point when yesterday's article was published. Many who shorted yesterday saw the market and ran away, which means they did not waste my earnest advice. The bullish trend continues, a historic high is within reach, whether it can break through and dispel the bears' fantasies remains to be seen, for now, let's analyze based on the current market trend.
The daily K-line reached a high of 103500 and a low of 101230. The EMA15 trend indicator's fast line has broken above 99000, the bullish trend continues, the EMA30 trend support point is at 95300, MACD is decreasing volume and increasing positions, DIF and DEA are contracting at high levels, indicating a divergence at the top and the continuation of the trend. Overall, the main force could stretch at any time to continue refreshing historical records. After the Bollinger Bands contracted, they showed signs of opening. The K-line has also reached the upper Bollinger Band at 103555, KDJ is opening upwards, showing a trend ready to launch. I do not recommend chasing prices or selling in panic; my thoughts are clear: the bullish trend is good, but I will not trade if the trend is not adjusted.
The four-hour K-line has been continuously moving up with bullish candles, a slow rising market. Whether it is a trap for longs or shorts, entering the market at this time poses more risks than rewards. Be rational; when risks outweigh rewards, the first priority is to protect your current assets to survive for a future. MACD is increasing volume and positions, also showing a typical top divergence, with DIF and DEA expanding at high levels, a typical bullish indicator. Additionally, the four-hour Bollinger Band has opened up and broken the upper line at 103600. The overall trend entering overbought territory is also a crucial moment.
Short-term trading ideas reference:
Shorting trial point 103500 to 104000, stop loss if it breaks the historical high, target 1000 to 2000 points,
Shorting second trial point 107000 to 107500, stop loss 500 points, target 2000 to 5000 points.
Going long trial point 101000 to 100500, defense at 100000, stop loss 500 points, target looking at 102000 to 103000, if broken, look at 103500.
I am a warrior who has always been protecting the retail investors. I wish my fans achieve financial freedom in 2024. Let's keep going together! $BTC #比特币行情分析 #BTC合约
