December 4th Thursday evening operation strategy
Today we look at the 4H trend of Bitcoin, currently priced around 93500, with a slight increase of more than 0.5 points in the last 24 hours, which is in a state of "oscillation with some bullish momentum"~ very strong
Currently, the moving averages are in a bullish arrangement, but the MACD bars are slightly contracting, and the RSI is nearing the overbought zone, which indicates an oscillation phase of "bulls are not so fierce, but temporarily not collapsing." The contract funds are buying, while the spot market is selling, showing some divergence between long and short positions; just avoid chasing highs~
Going Long
Wait for a pullback to the support range of 919-925, and if a bullish candlestick pattern like a morning star appears, you can enter in batches.
Set a stop loss directly at 90500, with the first target looking at 9448, and if it moves up, then look at 956.
Going Short
In the short term, focus on the resistance level of 945, and if the price reaches here without stabilizing, you can try a light short position.
Don’t be greedy with the stop loss, just set it at 95, with the first target looking at a pullback to 925.
