$BTC Wednesday, Christmas, US stock market closed, Bitcoin is clearly under pressure in the 10,000 mark area, maintain a high-level participation mindset in the morning!
Last night, Bitcoin's overall trend was still biased towards recovery and upward movement, with a large increase rising to the 99450 line area, the strength was still quite strong. That said, the price ultimately stopped just before the 100,000 mark, with upward movement clearly obstructed!
From a technical structure perspective, on the four-hour level, the price's large upward movement broke through the upper track of the channel with a water wall-style spike but quickly showed signs of a pullback. At this stage, there is still a demand for upward movement, but the price has not been able to truly stabilize in the small cycle upper track area! It is evident that there is significant resistance in this area, and multiple attempts to break through have not yielded substantial breakthroughs. The current oscillation sentiment will only consume bullish energy more quickly! Once the bullish sentiment is completely exhausted, the subsequent rhythm will inevitably lead to a large bearish pullback!
In the morning, the focus of operations should still be on the breakthrough situation of the 100,000 mark. If the subsequent rhythm successfully breaks through the 100,000 mark, we will follow the rhythm and choose the opportunity to go long. If the breakthrough has not been successful for a long time, we will choose to lay out short positions relying on the 100,000 mark!
Wednesday's Bitcoin morning operation suggestion:
Short in the 99300-99800 area, target 96000-95000! $BTC $ETH #币安Alpha第6批项目上線 #灰度提交Horizen信托文件 #加密市场反弹 #BinanceLabs投资Usual #币安LaunchpoolBIO