Market Analysis

Preface: Yesterday, short positions were taken around 107000, currently with a profit of 2400 points. You can reduce positions, set cost protection, and continue to hold.

2 BTC Technical Analysis:
1. Weekly level: The MACD line is hanging at a high level, the momentum column is gradually moving down, and the previous high near 108300 has not been effectively broken through, so be cautious of the possibility of a double top in the large cycle.
2. Daily level: The SRI is severely overbought, and the key support level around 100,000 is still the important dividing line for bulls and bears. The Bollinger Bands' midline is at 99,900, and the 30-day moving average is at 98,500.
3, 4H level: The 4-hour k-line shows a converging triangle trend. As long as the support at 99500 is not broken, we will continue to look at and operate in a small-scale oscillating market.

Summary: The weekly chart is bearish, the daily chart is consolidating at a high level, and the 4-hour chart is oscillating. The 100,000 level is an important dividing line for bulls and bears. As the year-end approaches, many people are eager to go home. I wish all my fellow coin friends a happy new year in advance. Reduce trading frequency, reunite with family, and get rich early! #GT突破历史新高

Resistance above: 106800, 107300.
Support below: 101300, 99500.