Analysis of BTC's recent trend

The recent bitcoin market has been volatile. As can be seen from the figure below, after experiencing the stagflation accumulation phase in November, BTC reached a new high of around 108,400 on December 17. Since BTC failed to effectively break through the 107,500 line, there will be a risk of retracement accumulation. So we arranged a short contract order of BTC (106,400-106,700) on December 18. Some friends in the group will say that I only do spot trading, and the risk of contracts is relatively large! In fact, whether it is spot trading, contracts, or options, etc., they are just tools for us to make profits. Friends who firmly hold BTC spot can actually open a short order for arbitrage trading! Back to the topic, it is currently in a wide range of fluctuations. If there is no critical structural qualitative change, it will still be within this range in the short term. If the upper position can be effectively broken, BTC will continue to impact the upper position. On the contrary, if it falls below the support level, it will go down to around 88,000! #BTC上攻11万？ $BTC $ETH