Bitcoin market analysis and operation strategy on December 25
Today's information:
Bank of Canada Governor Stephen Poloz recently spoke about digital impact and the future of money in his year-end speech. Against this backdrop, emerging payment technologies, including Bitcoin and stablecoin applications, are an ongoing area of research. All things considered, it is an open question whether the Bank of Canada sees the need to issue a digital currency to replace cash. However, the monetary world is moving fast, so the Bank of Canada needs to have a plan in place to deal with any contingencies, and the central bank will have more to say about that in early 2020. Because these technologies can be global, they are attracting the attention of central banks and other regulators.
Market review:
Market review:
Last night, the price of Bitcoin fell again and touched the 7160 position below, and the daily line level was also closed. Although it is currently maintaining a low volatility trend. However, the previous shocks have all ended downwards, so the possibility of subsequent price declines is still relatively high. As of 10:50 in the morning, the price is running around 7240.
Bitcoin market analysis on December 25:
Looking at the daily chart, yesterday’s daily line was negative, and the price is currently maintaining a shock operation near the middle track of the Bollinger Band. The trend of Bollinger bands is flattening, and the 5-day moving average and the 30-day moving average are sideways around 7280 to suppress the price. From the attached indicators, MACD is still running below the 0 axis, and the RSI trend is currently running below the 50 level. Stoch's two lines are currently running above the 50 level.
On the 4-hour chart, the trend of the Bollinger Bands is upward, and the price is currently running in the downward channel of the Bollinger Bands. The 5-day moving average intersects with the 30-day moving average to suppress prices near 7270. On the whole, the price of Bitcoin is still in a volatile trend in the short term. However, the continuous decline also shows that the bears are relatively strong now. Then, on the intraday operation, it is suggested that the high altitude should be the main focus, and the low and high altitude should be supplemented.
support/resistance
Support: 7210-7160-7100;
Resistance: 7280-7350-7400;
Bitcoin operation strategy on December 25:
2. The price is given to the position of 7160 to enter the long position, the stop loss is 7120, the first target of the stop profit position is 7210, and the second target is 7280;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
