12.21 Bitcoin daily chart analysis and layout suggestions



The daily chart for Bitcoin shows that after a significant surge on the 19th, the price immediately entered a phase of consolidation. Current highs are gradually declining while lows are simultaneously rising, presenting an overall converging triangle technical pattern.

In terms of moving average indicators, the price is running below the EMA7, indicating a weak short-term trend; however, there is a large divergence between the EMA30 and EMA120, and long-term support remains solid.

Layout suggestions

1. First target range:布局 near 88000-88500, target looking at 86000-87000.

2. Second target range: Sell high around 2960-2980, with a target of 2770-2870.
BTC-0.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)