12.18 Wednesday Strategy Analysis:
From the current situation, after breaking a new high yesterday, Bitcoin has again pulled back. The current trend has repeatedly tested the bottom without any signs of breaking the support below. In the short term, the downward trend is continuously expanding, while the downward space is gradually shrinking, and the upward movement appears somewhat weak.
On the daily level, the trend remains steadily above the three-day moving average, and after a pullback in the evening touching this line, it quickly rebounded, showing strong support.
Therefore, our overall Silk Road strategy can focus on buying low around the moving average, paying attention to the bottom at 105000. If it does not break this level, the upward trend will continue.
Operation Suggestions:
Bitcoin: 105000-105500 buy low, aiming towards around 108500
Altcoin: 3880-3920 buy low, aiming towards around 4100
