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Crypto Queen Sister 12.12: Bitcoin daily double top pattern, this round of pullback has not yet ended! Today’s latest Bitcoin (BTC) market analysis and trading suggestions! #比特币行情观察 #比特币行情观察 $BTC ##Post on the forum to receive $50$ETH
Bitcoin currently around 90,000. In the previous Sister article, the short position above 94,000 has been reduced and taken profit; at present, the candlestick is near the middle to lower band of the 1-hour chart, the BOLL channel is forming a downward convergence pattern, with the upper band pressed below 92,000. The MACD red histogram has shrunk again, forming, and DIF and DEA are also converging, possibly forming a golden cross. The three lines of KDJ are crossing upward approaching 50, and RSI three lines are also converging upward. In the short term, the bulls may still push towards the middle-upper band area. The strategy can continue to hold high short positions for entry and adding positions.
On the daily chart, the BOLL channel has narrowed horizontally, and the candlestick is near the middle band without breaking through, so Sister chose to reduce positions. KDJ and RSI are both crossing downward, indicating that the downward space is not yet exhausted. In the short term, focus on the 4-hour middle band resistance for short positions, defensively guard the daily EMA30 and the upper band area. Below, watch whether the daily middle band is broken for potential long entries.
Selling points: ≥91300 lightly short, stop loss above 93000. Take profit at 90000-88500. If broken, look at 88000-87500 for possible support.
Buying points: ≤87500 lightly long, stop loss below 86500. Take profit at 89000-90000-91000. If broken, look at 91300-91500 for further upward potential.
The article review and push may be delayed. The above levels and suggestions are for reference only. Please decide your buy and sell timing independently, practice risk control when entering, and avoid heavy positions! Thank you for reading!