December 12th Sister Ting talks about BTC:
Family, the current price of BTC is 91713.9, strongly rebounding from the lower Bollinger Band at 89141.5, and is approaching the middle band at 91501.3! The Bollinger Band channel is narrowing, with strong support at the lower band, and if it stabilizes at the middle band, it can reach the upper band at 93861.0.
Looking at the moving averages, MA7 has crossed above MA30, indicating a strong bullish signal in the short term. The price is also above MA30 and EMA30, with EMA7 providing close support. The moving average system is shifting from bearish to bullish. Although MACD is still underwater, the green bars have shrunk to -100.5, indicating a decrease in downward momentum, and there are signs of a golden cross forming below the zero line.
From a fundamental perspective, Binance's perpetual contract trading volume is 16.664 billion, with ample liquidity, and a funding rate of 0.0046%. Bulls have a slight advantage but are not overheated, and leverage risk is controllable. Market sentiment has warmed up from pessimism.
Sister Ting's operational advice: Go long around 91700-91200, targeting 92500 and 93800.
Strategies are time-sensitive, pay attention to the levels and don’t hesitate. For those who are unsure, like and follow for timely consultation with Sister Ting.
