12.28
Live Theme: Bitcoin's daily chart has basically reached the bottom of the range; can 92,000 establish a bottom again? Real-time analysis in the live room!
First of all, congratulations to everyone for capturing 3,000 points from the 97,500 short position yesterday. Did our predicted points match? The major trend resistance point is near 97,500. The bottom of the major range is around 92,300.
These two points form short-term highs and lows, and the bottom has been tested back and forth four times, so a rebound followed by further declines is very likely. The hourly level shows a bottoming formation, indicating a rebound trend within the major level, so we are bullish on the small level and bearish on the large level.
The daily moving average at 55 is still rising at 45°, which is a support signal, but support does not represent trend and direction.
Ethereum is relatively strong in this wave. 3,300 is still the most stable support at present; whether it can break down further remains to be seen, but overall it is still leaning slightly bearish. So everyone should be careful about their positions recently. Pay attention to the 3,250 level.
Bitcoin Strategy: Buy Bitcoin at 92,300
Stop Loss: 91,000. Target 94,800
Sell Bitcoin at 96,800: Stop Loss 97,800, Target 93,500
