On December 15th, looking at the weekly BTC chart, the 3-day moving average has opened but has not yet produced a golden cross signal.

Now we have to wait until the 2-day and daily level hidden patterns are established. The 12-hour level is in the underwater area, and we must patiently wait for it to re-emerge from the bottom formation. The 30-minute level has already produced a golden cross underwater, and the 15-minute level also shows signs of a bottom.

In terms of price, there are several key resistance levels above, which are 89288, 90345, and 91292; below, there are also several important support levels at 87500, 86807, and 85093.

Currently, the long-short ratio of BTC is 2.26, and the fear index is only 16, indicating that market sentiment is relatively fearful. The long-short ratio in real trading and across the network is 44 to 56, with short positions slightly stronger.

I suggest not to rush into operations without seeing a clear pattern, and when opening a position, be sure to set a stop loss, otherwise the risk is too high. I do not advocate blind trading.

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