Daily Market Analysis——$BTC 12.17
Chart 1: Observe Daily Level
(1) As shown in the chart, after breaking the range, we can pay attention to the subsequent price reactions.
(2) First, look at the pullback situation around 106000. If it can stabilize and form effective support, it will continue to rise, with the next target potentially reaching 120000.
If it falls back into the range, then we need to be cautious, as it may continue to oscillate within the range for a while and could potentially dip further! The range is initially set at 96000-100000.
Chart 2: Observe Hourly Level
(1) In the short term, the bulls are still strong. We can pay attention to the price reaction around 103000 for a pullback, and buy on dips.
(2) If this position fails to form effective support and the structure is broken, falling below the stop loss, we need to focus on downward testing, with short-term support around 100000.
Warm Reminder: Trade less on contracts, don’t fear spot trading, avoid being fully invested or fully short. Keep spare funds for excellent opportunities to bottom fish! As Christmas approaches, I personally suggest reducing positions at highs and waiting for the right timing!
Everyone, keep it up! I wish those who carefully read this post to stay away from losses and welcome wealth!