12.17 Bitcoin Operation Strategy Analysis

The road to success is not crowded because there are not many who can persevere to the end. When you want to give up, please tell yourself to hold on a little longer, because often this little bit of persistence brings you one step closer to your dream.

During the price pullback process, it has never broken below the lower Bollinger Band support, forming a clear support rebound pattern. The strength of the short-term support below has been initially verified. Although the Bollinger Band has not yet reversed the downward trend, the price has left the weak area below the lower band after hitting the bottom, gradually approaching the middle band, highlighting that the short-term buying power continues to accumulate, and signs of upward price movement are becoming increasingly obvious.

On the hourly chart level, although the market shows alternating fluctuations between long and short positions, the Bollinger Band has gradually shifted from a contraction to an expansion state. This pattern usually indicates that bullish momentum is being re-accumulated, and the short-term trend leans towards positivity. Based on the comprehensive analysis of signals across multiple time frames, the current trend, after a brief consolidation, is expected to continue its upward trajectory.

Today's short-term operation suggestion for Bitcoin mainly revolves around the support area of 85300 below and the resistance area of 88000 above. During the day, a light long position can be arranged around 86300, leaving a 1000-point space for additional positioning, with a stop-loss set at 84800. The target looks at the 87800 level; if it breaks above 88000 and holds, it can be expected to continue upward; otherwise, a short position can be opened. #美国非农数据超预期 #BinanceABCs #BTC