12.18 Bitcoin Trading Strategy

The road to success is not crowded because there are not many who can persevere until the end. When you feel like giving up, please tell yourself to hold on a little longer, because often it is this little bit of persistence that brings you closer to your dreams.

From the analysis of the four-hour chart, the cryptocurrency price maintains a fluctuating upward structure, with the key rebound trend line remaining intact, and the overall upward pattern has not undergone fundamental changes. Although the current upward pace is relatively slow, the market is still in a slow rising cycle, and buying on dips remains the core strategy at this moment.

In the short-term dimension, the price has seen a slight pullback correction, which is a technical adjustment in the upward trend process. The pullback action is actually an accumulation of upward momentum for the bulls, laying the foundation for future breakthroughs. Once the adjustment period ends, the bulls are expected to launch a new round of rebounds, recovering the recent pullback losses.

Short-term trading advice for Bitcoin, it is recommended to place long positions in the 86300-85800 range, with a stop loss set at 84800, and targets set at 87500 and 88500! #BTC #ETH