Bitcoin Market Analysis and Trading Suggestions for December 20 (Written at 5:25 AM):
The current price of Bitcoin (BTC) is around 88,000. The daily price continues to rise but is facing resistance at the 4H upper band, forming a pullback situation. Currently, the candlestick is oscillating above the middle band, with short-term resistance from the overlapping pressures of MA60, MA120, MA150, and MA200. The bearish situation has not yet been broken. The green bars in the MACD have decreased in volume, but it is not very strong. The KDJ is in the process of turning at the top, and the downside risk still exists. However, the BOLL channel has formed a parallel trend, with the lower band raised to around 85,200, which may lead to a narrow consolidation in the short term. Therefore, we can buy low and sell high within the channel!
On the daily chart, there have been multiple days of resistance at the middle band. The DIF and DEA have converged for the first time after a death cross, so it is crucial to pay attention to whether a golden cross occurs. Both KDJ and RSI are showing bottom turning signals, but the middle and lower bands of BOLL continue to move downward. The author believes that the probability of a second downward divergence is relatively high, so the strategy should continue to focus on shorting during rebounds. If it successfully stands above the daily middle band or recovers a golden cross, then a primary long position can be considered!
Sell Point: ≥88,500 for a light short, stop loss at 89,700; take profit at 87,500-86,500-85,500. If it breaks below 85,000, you can continue to hold.
Buy Point: ≤85,500 for a long attempt, stop loss at 84,500; take profit at 86,500-87,500-88,500. If it breaks above 89,500-90,000, you can continue to hold.
There may be delays in article review and push notifications. The above points are for reference only; please grasp the timing of buying and selling yourself. When entering the market, please ensure risk control and avoid heavy positions! Thank you for reading!
Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means the end, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and full of opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.
Remember, the cryptocurrency world is not just about numbers and charts; it is also an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever you are, I am cheering for you and looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!
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