Bitcoin market analysis and operation strategy on December 29
Today's information:
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Market review:
Market review:
The price of Bitcoin maintained a fluctuating upward trend yesterday, with the price rising from around 7240 and reaching a maximum of 7360. In the early morning of the day, after the price touched yesterday's high point again, it fell back. At present, as of 9:11 am, the price is running around 7300.
Bitcoin market analysis on December 29:
On the daily chart, the price closed positive for 3 consecutive days, and the situation is relatively good for the bulls in the short term. But on the whole, the price of Bitcoin has not been able to go out of a very strong upward attack, so it is still difficult to reverse the situation. At present, the price is running in the upward channel of the Bollinger Bands, and the trend of the Bollinger Bands still maintains a flat posture. The moving averages of the 5th, 10th, and 30th days are glued and run at the position of 7250 to support the price. Looking at the attached indicators, MACD is still running below the 0 axis, and RSI is currently trading sideways at the 50 level. Stoch's double line runs at the 70 level.
On the 4-hour chart, the trend of the Bollinger Bands showed an upward opening posture, and the price went all the way up and touched the upper track of the Bollinger Bands, and then fell back. The 5-day moving average ticked down and ran at the 7313 position. On the whole, the intraday trend of Bitcoin price is still biased towards shock operation. In terms of operation ideas, it is recommended that low and high prices in the range should be the main focus, and high altitudes should be supplemented.
Support/Resistance:
Support: 7250-7180-7120;
Resistance: 7360-7430-7500;
Bitcoin operation strategy on December 29:
2. When the price reaches 7350, you can consider entering an empty order, stop loss at 7400, and take profit at 7250;
The author Yu Jixin sent a message:
The author Yu Jixin sent a message:
