Bitcoin price update on December 22

This article was written at 14:50. As mentioned earlier, Bitcoin's upper shadow near 88400 presented a shorting opportunity, and a break above 98468 could lead to a rally to 91000. The price has now broken through 98468, suggesting a potential rebound. On the daily chart, the 85500 level has provided multiple support levels, and the short-term downtrend channel has been broken during the daytime session. Bitcoin is expected to retest the 94 resistance level. The weekly chart also shows a doji candlestick near support, indicating a potential rebound on larger timeframes. Our trading strategy remains focused on buying on dips. Long-term long positions should be held. For short-term trades, long positions can be initiated near the current price of 88800, with a stop-loss at 87000 and an initial target of around 92000. After reaching 92000, watch for a break above the 94000 resistance level; a break above this level would target 98000. Enter the market at your own discretion. Click on the profile picture above to visit my page and discuss market trends. Short-term trading requires risk management; profits and losses are your own responsibility.