Crypto Circle Academician: The Rise and Fall of Bitcoin on 12.27, Analyzing Market Trends from Technical Indicators!
Current price of Bitcoin is 99,200, it is now 6 AM Beijing time. Yesterday's target of 97,000 has been concluded at 99,500. Currently set the target of 96,000 for the southward movement, have taken half of the position out and continue to hold. Friends choosing to go south are not in a hurry to exit. Although the main force is taking profits after breaking 100,000, there is not only a 5,000 point space. Following the main force's usual practice, it will further explore downwards. Set a profit-taking point for a pullback and a profit-taking point after breaking down. When the market is good, maximize profits, and when the market is bad, be prepared to take profits in a timely manner.
The daily K-line is about to close, before publishing, the daily K-line highest point is at 100,000, the lowest is at 95,200, breaking the EMA30 support. 97,000 has now become pressure, the next EMA60 support is at 91,000, MACD volume continues to shrink, DIF and DEA are expanding downwards approaching the 0 axis. As long as it does not break below 90,000, the bulls still have a chance. If it breaks, prepare for at least a month of sideways market. Then Old Chen will choose to start his year-end holiday. The Bollinger Bands are contracting, with the fast line entering the box. The lower track support to watch is at 93,200, and the mid-track resistance reference is at the 100,000 integer point.
The four-hour K-line shows a door market. The K-line has been sideways for a whole day above 95,000 after breaking the EMA trend indicator. MACD volume is shrinking downwards, with DIF and DEA dead crossing and the trend expanding. The Bollinger Bands mid-line resistance is clearly at 97,000, with lower track support at 93,000. The overall trend is now around the mid-line in sideways. The upper track resistance is at the 100,000 point. Speaking of this, I believe everyone has seen the entry points for both long and short. Below, everyone can refer to it.
Short-term strategy reference: The market is not 100% certain, so always use stop-losses. Safety first, small losses and big gains are the goal.
Northward entry point 93,000 to 92,000, defense at 91,000, stop-loss 500 points, target looking at 94,500 to 95,500, breaking point looking at 96,500 to 97,000.
Southward entry point 96,500 to 97,000, stop-loss 500 points, target looking at 95,500 to 95,000, breaking point looking at 94,500 to 94,000.
Second southward entry point 99,500 to 100,000, defense at 100,500, stop-loss 500 points, target looking at 99,000 to 98,000, breaking point looking at 97,000.
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