12.12 Bitcoin Market Analysis and Trading Strategy Reference:
Bitcoin daily closes with a large bullish candle, with the closing price directly penetrating the entire daily Bollinger Band range, finishing the close from near the lower band to near the upper band. As the bullish sentiment stabilizes with the favorable CPI data in the evening, it has already completed a short-term breakout, re-establishing itself above the pressure level.
Looking at the short term, just before the evening close, the four-hour chart has re-established itself above the 100,000 mark to complete the close. The short-term pullback has basically ended, and today, or in the near future, it is highly likely that this wave of bullish sentiment will continue to rise, testing the top pressure. However, the short-term upward movement is significant, so when trading in the evening, be cautious of a pullback and rebound.
In summary: Looking to go long during the day, primarily focusing on buying on pullbacks, with attention to the support level below at 98,800. If it holds, consider entering long. For the top positions, pay attention to resistance at 101,500 and 103,000, and consider using small stops to enter short. [Special reminder: Do not chase long positions at high levels; be cautious of pullback spikes.]