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12.21 Bitcoin market analysis and operation suggestions
The weekend Bitcoin has maintained a sideways consolidation, which is a normal trend. Currently, the main funds have shown signs of continuous entry, and the market trading activity is expected to gradually increase.
In the short term, it is essential to focus on the two key price levels of 887 and 880. The current coin price is operating around the range of 886. If it can effectively stabilize above 887 in the following period, or even break through to test the 890 level, then a bullish outlook can be considered, with a target resistance level of 910-914.
880 can serve as a long position defensive line. If this price level is lost or the market continues to operate below 880, it is recommended to shift towards a short position strategy.
The above analysis is merely a personal opinion; specific operational strategies should be based on the official layout of Moyushi Panshi.