Old Yang Says Coin: 12.13 The large-scale bull market for Bitcoin remains unchanged, short-term short positions provide effective profit opportunities! In-depth analysis of the market
Bitcoin's daily line peaked above 102,000 and has currently pulled back to around 100,000. The EMA12 trend line continues to rise to 98,700, showing no signs of contraction, while the MACD shows a decrease in volume and an increase in positions, with DIF and DEA diverging at high levels. The Bollinger Bands are in a contraction and sideways movement, with the upper band at 102,000 and the lower band at 92,500, which need to be closely monitored. Considering the significant support space from the bottom compared to historical resistance levels, investors should prepare for both scenarios. When the market hits historical highs, consider entering short positions; if it retraces to previous lows and breaks below, then consider entering long positions, flexibly responding to market changes and controlling investment rhythm.
Bitcoin's four-hour line is consolidating above 100,000, with EMA12 at 99,800, and the next key EMA26 support point at 99,367. If this point is broken, long positions should be stopped out; conversely, one can consider entering a trial position. Currently, the MACD is in an expanding phase, with both DIF and DEA above the 0 axis at high levels. The Bollinger Bands are horizontal, and after the K-line failed to break the upper band at 102,500, it has retraced, with the mid-band at 98,900 being noteworthy support. The KDJ indicator is trending downward, and the long-short conversion is entering a dead cross spreading trend, seemingly indicating a bearish trend. However, considering that the larger trend is bullish, the current bearish sentiment may be a trap. Aggressive investors can enter short positions at the current price but must set stop losses, and subsequently focus on a long strategy after the pullback ends, steadily grasping the market rhythm.
Short-term strategy:
Short from 101,500 to 102,000, add position at 103,000, stop loss 500 points, target 101,000 to 100,000
Long from 98,500 to 98,000, add position at 97,000, stop loss 500 points, target 99,500 to 101,000
