12.14 Sunday Next week long-term analysis
It's been a week of back and forth, and the price of Bitcoin has basically remained stable, but the funds in the contract accounts have slowly increased without anyone noticing. The low long position suggested last week has basically reached its target perfectly, peaking around the 94600 point, directly hitting the third take profit level of 94000. I've always had a thought that it would come above the 95000 point. However, there have been several instances where it couldn't break through.
But everyone, don't be anxious; the negative news has basically been exhausted, and now we are just waiting for a suitable opportunity. A sharp rise is just a matter of one or two days. Currently, after the pullback, the lows are continuously rising, with strong support around the 87000 level, but correspondingly, there is also significant resistance around the 95000 level, which has been difficult to break through.
Next week, the overall strategy will still focus on low long positions, just waiting to see if 95000 can be broken. If several attempts fail to break through, then we need to consider turning the strategy around and focusing on high short positions.
Currently, the price is around the 89600 point. The take profit for low long positions looks successively towards 91500-93500-95000. If 95000 does not break, we can directly short. Ethereum can be synced accordingly.
