Crypto Scholar: Where is the strong resistance level after Bitcoin's stretch on 12.10? Congratulations to the friends who profited from the upward movement, here is the latest market analysis and short-term strategy reference.
The current price of Bitcoin is 94000, and it's now 3:30 AM Beijing time. This round of Bitcoin was led by the second largest cryptocurrency, and the first upward target of 94200 has been reached, making another profit. It depends on whether it can stay above 94200 after the morning closing; if not, the market may see a pullback. Friends who haven't entered can take the opportunity to go long, while those who have already entered can lock in profits and continue holding.
Before the article was published, the daily K-line had a maximum of 94555 and a minimum of 89370. The EMA trend indicator is contracting upwards, and the EMA30 resistance level has broken down at 93400. It is currently testing the Fibonacci resistance level at 94200. If it stands above this position, there’s no need to doubt; just follow the upward trend. The MACD is continuously increasing in volume, and both the DIF and DEA are pushing upwards toward the zero axis. The K-line has breached the upper Bollinger Band at 94500 and is currently under pressure at this level, while the KDJ has formed a strong bullish trend.
On the four-hour K-line, if the entity breaks through, it can also be considered the start of a bullish trend. The market's sudden stretch is likely related to tomorrow's Federal Reserve interest rate decision. The MACD is continuously increasing in volume, and the DIF and DEA have formed a golden cross. The K-line is standing above the upper Bollinger Band at 92900, expanding upwards and forming a strong bullish trend. Therefore, continue holding long positions, and friends with heavy positions can take partial profits but shouldn't rush to liquidate.
Short-term strategy reference: The market is not 100%, so always set stop-losses; safety first. Small losses and big profits are the goal.
Long entry point between 92500 and 92000, with a stop-loss at 91500 (500 points). Target between 93500 and 94000; if broken, look for 94500 to 95000.
Short entry point between 97000 and 97500, with a stop-loss at 98000 (500 points). Target between 96500 and 96000; if broken, look for 95500 to 95000.
Specific operations should depend on real-time market data. For more information, please consult the author. There may be delays in the article publication; suggestions are for reference only and risks are borne by the reader.
