12.19 Friday Intraday Bitcoin Analysis



The Bank of Japan raised interest rates by 25 basis points as expected, increasing the benchmark rate from 0.5% to 0.75%, hitting a 30-year high and marking the first rate hike in 11 months since January 2025. Global liquidity continues to tighten, and risk assets face significant fundamental downside pressure. The intraday rally is merely a weak rebound after a slight overlap. On the four-hour chart, the price remains under strong resistance from the MA144 and MA169 moving averages. The bullish momentum is unable to break through, and the MACD momentum recovery was short-lived. The probability of a downward turn has increased significantly. If the support level at 84408 is broken, the downside space will open further.

Personal advice, for reference only (strictly set defensive positions)
Bitcoin around 88500, buy on dips at 89800, target 87000, 85500$BTC
BTC1.04%
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