12.13 Bitcoin Analysis

Yesterday, Ada was stationed on the front line, and we accurately took profit on the high position at 102500, then shorted to 101000 before exiting to rest. This morning, Bitcoin fell all the way to around 99500. Although we missed a thousand-point range, the long and short positions also brought in considerable profits.

Returning to today's market analysis, looking at the technical structure on an hourly basis, the price encountered strong resistance at the top of the oscillation range during midnight and retraced, testing the support below again. Currently, the continuation of the bearish trend does not seem strong, and the market is only consolidating around the 100,000 mark. From the four-hour chart perspective, the price is still running between the middle and upper bands, and it is highly likely to test the middle band support soon.

Based on the Bitcoin liquidation map, it is recommended to buy in the 99300-99000 range, targeting 101000.