Bitcoin Price on December 18th

This article was written at 13:37. Previously, we recommended placing long orders around 864, with a target above 90,000. Yesterday's rebound provided an opportunity to exit, largely as expected, with a profit of around 3600 points. Subsequently, the market quickly fell, liquidating some long positions. The 4-hour chart shows a long upper shadow, with the 200-day moving average also acting as resistance. Currently, the 4-hour chart indicates strong bearish momentum. A break above yesterday's high is needed for further upward movement. The market is retesting short-term support around 85500. The current 4-hour chart shows two bullish candles, indicating that short-term support is effective, and a rebound is more likely. Long positions can be re-established in the short term, around the current price of 86500. A stop-loss is recommended at 85000, with an initial target of 89000. After reaching this level, monitor the breakout of yesterday's high of 90350 and determine your entry opportunity accordingly. Click the avatar above to open my profile and discuss market trends. Short-term trading, manage risk, profits and losses at your own discretion.