Crypto Circle Red Sister 12.16: The Bitcoin daily chart is facing a death cross test! It is recommended to take profits on short positions and reduce holdings! Today's latest market analysis and trading suggestions for Bitcoin (BTC)!

CN
14 hours ago

Red Sister in the Crypto Circle 12.16 (Writing time 2:22) Today's Bitcoin (BTC) market analysis and trading suggestions:

The current price of Bitcoin is around 85800. In yesterday's article, Red Sister once again positioned for a short above 89600. The K-line is just at the mid-track of the 4H chart, under pressure to decline, and the bearish momentum has been grasped again. Fans who followed along have currently gained nearly 4000 points. Red Sister mentioned that if the daily line closes with a bearish candle, then the mid-track will definitely become the day's resistance, and the market has indeed reached the lower track position as expected. Red Sister suggests reducing positions and taking profits on the high short, while further observing whether the daily line's DIF and DEA can form a death cross with volume. From the KDJ and RSI patterns, there is still space below. The market is in a slow decline rhythm, and a short-term rebound may not come quickly. As mentioned earlier, since the daily line's lower track cannot hold, the next position to look down at is near the low point of December 1st at 83900. From the 2-day chart, there is no problem. The KDJ is approaching 35 on the downside, and the RSI three lines are close to 30, not yet entering oversold territory, indicating that there is still space below. In terms of strategy, Red Sister still suggests focusing on high shorts. The upper side can first pay attention to the short-term 1H mid-track and EMA30 overlapping resistance level for short positioning. Although the current bearish momentum is quite obvious, Red Sister does not recommend chasing shorts at low levels!

Sell Point: ≥88700 light short, stop loss above 89600; take profit at 87100-85600-84200. If it breaks below the 84000-83800 range, you can continue to hold.

Buy Point: ≤84200 try long, stop loss at 83200; take profit 1000-2000 points. Do not take heavy positions against the trend, and do not be greedy for profits on long positions; take profits in a timely manner.

The article review and push have delays, and the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market; do not operate with heavy positions! Thank you for reading!

Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, full of opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration for the unknown in the days to come.

Remember, the crypto circle is not just about numbers and charts; it is also an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone smooth sailing on the road of the crypto circle, returning with a full load!

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