December 10th, Sister Ting talks about BTC: Low volume surge to high position, stable grasping of low long positions
BTC is currently operating near the upper band of the Bollinger Bands, overall in a bullish channel trend, with the mid-band support at 91130 effective, the lower band at 88540 being the bullish bottom line, and the upper band at 93720 overlapping with the previous high of 94555, creating strong resistance. The moving averages are in a bullish arrangement, with prices above the EMA7 indicating momentum is present, but the divergence rate is large, suggesting a need for a pullback; MACD has formed a golden cross but shows signs of a top divergence pattern, with momentum weakening, current trading volume far below the average volume, and the low volume rise lacks effectiveness, necessitating confirmation with increased volume.
Net capital inflow is $262 million, high open interest in contracts, fierce long and short market competition, with potential selling pressure at high levels, sentiment leaning towards greed but risks must be heeded. In the medium to long term, driven by interest rate cut expectations and ETF funds, the overall trend remains intact, focusing on news-related fluctuations.
Sister Ting's operational suggestions: Long position near 92300-91800,
Targeting 93100 and 94500,
The strategy is effective, keep a close eye on the points, don’t hesitate, if unsure, just like and follow, feel free to consult Sister Ting at any time.
