$BTC 12.16 Bitcoin BTC Strategy: Today I recommend short-term trading. Before the news of Japan's interest rate hike on the 18th materializes, the market is likely to remain volatile. Bitcoin tested support at 850 in the early hours; since support is holding, consider placing stop-loss orders at 850 to look for long opportunities. Also, pay attention to the resistance around 865. If the price stays above 865, the rebound could reach 870-872. Only a break above 872 would fully open the rebound channel. Given the current market volume and strength, the probability of this happening is not high. The strategy is to first see if 865 can be broken and stabilized above. If stabilized, then observe the strength of resistance at 870-872; if it encounters resistance, consider shorting. The suggestion for long positions is to trade around the support near 850, with a wide range between 850-870: buy low, sell high. $BTC #BTC行情分析 #比特币跌破关键价位
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC 12.16 Bitcoin BTC Strategy: Today I recommend short-term trading. Before the news of Japan's interest rate hike on the 18th materializes, the market is likely to remain volatile. Bitcoin tested support at 850 in the early hours; since support is holding, consider placing stop-loss orders at 850 to look for long opportunities. Also, pay attention to the resistance around 865. If the price stays above 865, the rebound could reach 870-872. Only a break above 872 would fully open the rebound channel. Given the current market volume and strength, the probability of this happening is not high. The strategy is to first see if 865 can be broken and stabilized above. If stabilized, then observe the strength of resistance at 870-872; if it encounters resistance, consider shorting. The suggestion for long positions is to trade around the support near 850, with a wide range between 850-870: buy low, sell high. $BTC #BTC行情分析 #比特币跌破关键价位