December 26th, Sister Ting talks about BTC
From a technical perspective, the Bollinger Bands are opening upwards, and the price is moving close to the upper band, showing strong upward momentum. If it stabilizes above the upper band, it can continue to rise. A pullback to the middle band at 87707.1 serves as strong support. On the moving averages side, both EMA7 and EMA30 are in a bullish arrangement, and MA7 has also crossed above MA30, providing solid short-term support, with the trend clearly favoring the bulls. The MACD's DIF has crossed above DEA, and the red bars are continuing to expand, indicating that bullish momentum is still present, but caution is warranted for divergence risks at high levels. The only thing to note is that trading volume has slightly decreased; if the price rises without volume, there will be short-term pullback pressure.
Key points to remember: resistance is at the previous high of 90599; breaking through this level opens up new space; support is confirmed in the range of 87707-87949.
In terms of fundamentals and market sentiment, there are currently no significant bullish or bearish news events. The focus should be on the Federal Reserve interest rates and spot ETFs. Today, the ETF saw a net outflow of 51.28 million USD, indicating that some profit-taking is occurring, leading to a divergence in funding. Overall market sentiment remains optimistic, but this divergence may lead to larger short-term fluctuations; everyone should be prepared for that.
Sister Ting's trading advice: Buy near 89000-88500, with an initial target of 89800, and if it breaks, continue to look towards 91500!
Strategies are time-sensitive; when the price reaches the levels, don’t hesitate. For those uncertain about the direction, like and follow for inquiries anytime with Sister Ting
