12.12 Market Overview: #加密市场反弹 $BTC
BTC opened with a long lower shadow small bullish candle in the morning, consolidated during the Asian session, and surged in the European session, with increased trading volume and liquidity due to the tug-of-war between both sides.
BTC bottomed out at 8.93 forming a W-bottom rebound, then retraced at 9.35; currently, the market is under pressure from a descending trendline, breaking effective support at 9.2 prompting a short position, which is the second time entering a right-side short after breaking support yesterday morning. The stop loss is set at the previous high of 9.35, with targets at 9.05 and 8.98; a low long position is set at 8.93, with a stop loss at 8.81, targeting around 9.05 and 9.2.
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