In the four-hour cycle, Bitcoin's price is trading above the middle band of the Bollinger Bands, with bulls and bears engaged in a tug-of-war, and the direction remains unclear. On the indicators, the MACD's DIF has crossed above DEA to form a golden cross, and the red histogram is expanding, indicating short-term bullish momentum is recovering. However, DEA is still negative, so the trend signal is relatively weak.
Currently, BTC is at a critical point in the sideways market where the trend direction is being decided. Technical signals of bullish and bearish are intertwined, and further judgment of the trend should consider volume changes and news dynamics. Operationally, it is recommended to adopt a light position to short near the interval resistance level, while strictly setting stop-loss orders to prevent the risk of a one-sided trend triggered after a price breakout from the range.
Bitcoin operation suggestion: rebound near 88,800-89,500, then look down to 87,500-86,000
Auntie Em operation suggestion: rebound near 3,000-3,050, then look down to 2,930-2,800#加密市场小幅回暖
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
December 29 Bitcoin Auntie Em's Market Outlook
In the four-hour cycle, Bitcoin's price is trading above the middle band of the Bollinger Bands, with bulls and bears engaged in a tug-of-war, and the direction remains unclear. On the indicators, the MACD's DIF has crossed above DEA to form a golden cross, and the red histogram is expanding, indicating short-term bullish momentum is recovering. However, DEA is still negative, so the trend signal is relatively weak.
Currently, BTC is at a critical point in the sideways market where the trend direction is being decided. Technical signals of bullish and bearish are intertwined, and further judgment of the trend should consider volume changes and news dynamics. Operationally, it is recommended to adopt a light position to short near the interval resistance level, while strictly setting stop-loss orders to prevent the risk of a one-sided trend triggered after a price breakout from the range.
Bitcoin operation suggestion: rebound near 88,800-89,500, then look down to 87,500-86,000
Auntie Em operation suggestion: rebound near 3,000-3,050, then look down to 2,930-2,800#加密市场小幅回暖