On Tuesday, Bitcoin moved in a sideways upward trend. After hitting a low around 87,000 in the early hours, the daily chart began to consolidate within a narrow range. Following two consecutive bullish candles on the 1-hour chart, a pullback occurred—which is quite normal. The bullish momentum has not diminished, and the price remains above 87,400. The middle and upper bands of the Bollinger Bands are both trending upward, so the recent pullback is just to accumulate buying energy, not a trend reversal.
The trading approach is as follows: Look for opportunities to go long within the 86,500-87,000 range, targeting the 88,500-89,000 zone for @BTC. The market follows this rhythm—be patient and wait for entry signals, rather than gambling on a single candlestick.
The Federal Reserve's actions remain a key variable influencing the overall market, so continue to track policy news updates.
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NFTDreamer
· 12-16 19:28
The 87,000 level has come again, really a point of repeated testing.
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GasFeeSurvivor
· 12-16 19:19
I entered at 86,500. I'm betting on what the Fed will do next.
View OriginalReply0
SnapshotDayLaborer
· 12-16 19:15
87,400 holding steady is stable; let's wait and see what the Fed does next.
#美联储降息 December 17 BTC Market Analysis
On Tuesday, Bitcoin moved in a sideways upward trend. After hitting a low around 87,000 in the early hours, the daily chart began to consolidate within a narrow range. Following two consecutive bullish candles on the 1-hour chart, a pullback occurred—which is quite normal. The bullish momentum has not diminished, and the price remains above 87,400. The middle and upper bands of the Bollinger Bands are both trending upward, so the recent pullback is just to accumulate buying energy, not a trend reversal.
The trading approach is as follows:
Look for opportunities to go long within the 86,500-87,000 range, targeting the 88,500-89,000 zone for @BTC. The market follows this rhythm—be patient and wait for entry signals, rather than gambling on a single candlestick.
The Federal Reserve's actions remain a key variable influencing the overall market, so continue to track policy news updates.