Crypto Circle Red Sister 12.22: Bitcoin remains high but still faces heavy pressure! Today's Bitcoin (BTC) latest market analysis and trading suggestions!

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4 hours ago

Bitcoin Market Analysis and Trading Suggestions on December 22 (Writing Time: 2:14)

The current price of Bitcoin (BTC) is around 88,000. Over the weekend, the price of Bitcoin continued to oscillate within the upper range of the 4-hour chart. In the evening, it even retraced to the middle track position, forming a rebound situation, but the momentum is not very strong. On the news front, whales are experiencing a tug-of-war with large orders, but in the short term, the price continues to face pressure from the overlapping MA90, MA120, MA150, and MA200 lines above. I believe that for the bulls to take off, they must break through these four lines of shackles and stabilize above them. From the MACD, the green bars are shrinking, but the price retracement is very small. The DIF and DEA are continuing to converge, and a death cross is likely to form, which may lead to another bearish attack. The KDJ is approaching the top and is turning down towards 20, while the RSI three lines are trending down towards 45, indicating that there is still room for downward movement in the short term. I suggest keeping an eye on the aforementioned four lines and the MA240 range for resistance without breaking the high for short positions. For the short-term support, continue to look at the middle track and the MA30 range support; if it holds, you can enter long positions, but if it breaks, you can continue to see the lower track position!

Sell Point: Short at ≥89,300, exit with a small loss if it breaks 90,700; take profit at 88,300-87,550. If it breaks below 87,000, you can continue to hold until below 86,000.

Buy Point: Long below ≤86,000, stop loss at 85,300; take profit at 86,800-87,700. If it breaks above 87,800-88,400, you can continue to hold until around 89,300.

The article review and push have delays; 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 cryptocurrency world 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 cryptocurrency is vast and boundless, filled with 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 cryptocurrency world 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 improving 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 cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you and looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency road and a bountiful return!

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