12/25 Bitcoin Latest Market Analysis and Trading Strategy👉😋✌️
Last night, Bitcoin's trend experienced a significant reversal, with the price rebounding strongly; the previous short strategy was caught off guard by Bitcoin's rapid surge.
However, fans of Tenpan did not act rashly amid the market's severe fluctuations and successfully avoided this wave of risk.
As Bitcoin successfully breaks through the four-hour midline, some investors seize the opportunity to go long, achieving profits of about 2000 points, taking the lead in this market game.
Currently, from the four-hour K-line chart, Bitcoin's price is blocked and retracing upon reaching the upper Bollinger Band.
In terms of technical indicators, the MACD is in a state of sustained bullish expansion, indicating that the strength of the bulls has not completely dissipated and there is still some upward potential.
However, the corresponding KDJ indicator has already turned downward, which is undoubtedly a signal worth paying attention to, indicating that the short-term market is likely to face a correction.
At this time, the key point of the day focuses on the Bollinger Band midline at 96000.
If the price retraces and falls below this point, the subsequent trend may continue downward, and investors can follow the trend to go short.
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Conversely, if it can hold without breaking, the bulls may make a comeback, making it a wise choice to go long.
From the daily level, the K-line is gradually approaching the midline, and the short energy bars are continuously shrinking, as if making way for the recovery of bullish strength.
At the same time, the KDJ indicator shows an upward turning trend, further indicating that the bulls are accumulating strength.
However, it is important to note that a strong resistance level has formed around the daily Bollinger Band midline at 99700, significantly constraining the price's upward movement.
Comprehensive analysis of both daily and four-hour levels suggests that a relatively stable trading strategy for the day should be to go short at high prices and long at low prices, flexibly adjusting strategies based on market changes.
Trading Suggestions
1. Bitcoin: Go long at 95800 - 96500,
Target above: 99000 - 100000.
Entering this range is based on the price being near key support, and if it stabilizes and rebounds, the upward space is considerable.
2. Bitcoin: Go short in the 99000 - 99700 range,
Target below: 97000 - 96000.
This range is close to the daily strong resistance level, and the price is likely to encounter resistance and retrace.
It is essential to remember to operate cautiously to maintain steady progress in the unpredictable market.
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