Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Crypto Circle Sister Red 12.19: Will Bitcoin's low break point eventually rebound? Beware of the Yen interest rate hike hitting hard? Today's latest Bitcoin (BTC) market analysis and trading suggestions!#市场触底了吗? #加密市场观察 #今日你看涨还是看跌? $BTC $ETH
Crypto Circle Sister Red 12.19 (Written at 6:09): Today's Bitcoin (BTC) market analysis and trading suggestions:
Bitcoin is currently around 85,600. Tonight, the Bitcoin market continues to face resistance at the 1-hour MA240 and MA280 crossover, dropping below 84,500, just as Sister Red expected, breaking the support at the low point again. The price has now rebounded slightly. On the 1H chart, KDJ and RSI are showing oversold rebounds, but there is still strong resistance above in the short term, especially as the 4H upper band has been under pressure twice recently, indicating that the main force is still brewing further downward space. The red volume in MACD is increasing again, and DIF and DEA have formed a death cross after a second rebound, suggesting that the bearish trend is not over yet. Sister Red recommends continuing to maintain a high short position. Today, watch the 4H midline and MA7 as the first crossover resistance level above, and the upper band can still be used as a defensive re-entry point. In the short term, support below 84,000 remains strong, so consider holding short positions or setting up long positions. If the low point on the 1st is to continue downward this week, the 2-day chart lower band around 81,800 may be tested.
Selling points: Light short at ≥86,700, defend at 88,600, stop loss at 89,700; take profit at 85,500-84,200. If it breaks below 84,000-83,800, it can continue to hold until below 82,000.
Buying points: Try long below ≤84,100, stop loss at 83,500; take profit at 85,000-86,700. If it breaks above 86,800-87,000, it can continue to hold.
The article review and push may be delayed. The above levels are for reference only. Please grasp the trading opportunities yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!