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The price of Bitcoin started going up two weeks ago and reached a new high on December 16, and then remains high and fluctuates. As of yesterday, it has fluctuated for the whole week. Even though the daily volatility is relatively large, it still cannot change the nature of large-scale oscillations.
In major cycles, the price is definitely still in an uptrend. We can also understand the current wide-range oscillation as a process of gaining momentum. However, if the oscillation time is too long at a high level, it will also cause market alertness and encourage contraction in trading. Everyone will gradually begin to calm down and wonder if they should continue to hold on to that high position. Of course, spot and Tuncoin friends need to worry about this. To make a contract you only need to pay attention to both the entry point, target, and stop loss position.
Judging by the current trend, Bitcoin has not broken the support position twice on the daily chart, and then rebounded, indicating that the current lower support maintains a certain strength, but the indicator is in a falling state. In the states, the probability of a surprise is usually greater, so our overall thinking at this point can still be considered within that range. believe that before the interval is breached, it is possible to sell high and buy low in today's intervals. Pay attention to the interval 22500-24150, and at the same time, support below 23070;