Ups and downs are possible according to Bitcoin's recent market volatility

 2020-12-21 10:00:11


Analysts at Bexplus believe that there is no obvious signal that the market has reached its peak at resent, and there is still the possibility of new highs after the shock, but the market may not break through as quickly as before. The overall Bitcoin market once again reached a short-term high of $24,288, and then a short-term decline. At present, the top profit is huge, there is a certain resistance near $23,800-$24,000 in the short term, and there is obvious support in the $22,000-$22,200 range below. In the near future, Bitcoin should beware of the possibility of short-term decline in the market due to short-term profit settlement. It is appropriate to pay attention to the high resistance near $24,200 at the top and the support near $22,200 at the bottom. After the breakthrough, consider taking advantage of the short-term operation.

 

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Action suggestions:

Enter the market with buy/up orders when the price is near $23,750-$23,850, the target price is above $24,000, and the stop-loss price is at $23,550

 

Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of "Take profit" and "Stop loss".

The technical analysis of cryptocurrencies in real time should be taken for informational purposes only, and in no case should it be taken as an investment signal.

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