12.22 Monday midday BTC Silk Road


BTC surged to the 89600 line but did not experience significant retracement; instead, it maintained a strong upward oscillating pattern within the range. The daily level has recorded three consecutive bullish days, steadily increasing, with bullish volume being released consistently, indicating a clear upward trend. Although the bullish momentum on the four-hour chart has somewhat weakened, it still recorded a bullish candle. The KDJ indicator is gradually completing a golden cross and diverging upward, highlighting short-term rebound signals. The hourly chart shows a simultaneous increase in volume with a bullish candle, successfully breaking through the mid-band resistance, further opening up upward space. Overall, the bullish trend is clear, and it is recommended to take long positions relying on relatively low levels to seize trend opportunities.
Personal suggestion, for reference only (set up defense strictly)
BTC can be around 87500-88000, target 89000-91000.
BTC0,02%
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