Crypto Circle Sister Red 12.17: Will Bitcoin 4H Golden Cross Reversal Soon? When Will the Daily Death Cross Crisis Be Resolved? Today's Bitcoin (BTC) Market Analysis and Trading Suggestions!#BTC行情分析 #市场触底了吗? #比特币跌破关键价位 $BTC $ETH
Crypto Circle Sister Red 12.17 (Written at 6:37) Today's Bitcoin (BTC) Market Analysis and Trading Suggestions:
Bitcoin current price around 87,800, showing a consolidation rebound phase in the intraday. Currently, the candlestick is in the 1H EMA60-EMA80 range, continuing to show a pressured pattern. The MACD green bars are shrinking, and after the DIF and DEA form a golden cross, there is an indication of convergence. The KDJ faces resistance at 73 and is declining towards 50. The RSI three lines are also showing a downward trend. Sister Red believes the short-term bearish momentum is not over yet. In the short term, it is recommended to continue probing the 1H lower band; if not broken, consider long entries.
For the upper side, continue to watch the 4H midline and EMA80 range for resistance; if not broken, it can be shorted. Currently, on the 4H level, the KDJ and RSI are both turning upward from low levels. Although the MACD green bars are expanding and the DIF and DEA have successfully formed a golden cross, the overall bullish momentum appears weak. Additionally, the daily death cross crisis has not been resolved. Do not chase longs directly at the current position!
Selling points: Short lightly above 88,500, stop loss above 89,500; take profit at 87,800-86,700-85,500. If it breaks below 85,000, it can continue to hold.
Buying points: Try long below 85,500, stop loss at 84,500; take profit at 86,500-87,500-88,500. If it breaks above 88,700-89,500, it can continue to hold. Confirm that support below the previous low probe is not broken before entering long-term long positions!
Article review and push may be delayed. The above points are for reference only. Please make your own judgment on entry and exit timing, and practice risk control when entering the market. Do not operate with heavy positions! Thank you for reading!