Saturday, combined with the pre-holiday atmosphere, the market is experiencing light trading and reduced volatility, with limited operational space. The core principles are to hold light positions, enter and exit quickly, and adopt a cautious approach with more watching and less action.
Liquidity tends to be low over the weekend, and funds are less willing to participate. As the year-end approaches, the market mainly consolidates within narrow ranges, making it difficult to see large trending moves. Heavy positions are not recommended. Prioritize observing, protecting principal, and having a peaceful New Year. Focus on dips for long positions, avoid chasing highs, and do not fight against the trend. Around 500 points is sufficient; take profits and avoid greed for long-term gains.
Resistance above: 69,500 (can reduce positions/ take profits upon reaching) Support below: 68,500 (stability allows for light long positions)
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2.14 Saturday Bitcoin Recommendations
Saturday, combined with the pre-holiday atmosphere, the market is experiencing light trading and reduced volatility, with limited operational space. The core principles are to hold light positions, enter and exit quickly, and adopt a cautious approach with more watching and less action.
Liquidity tends to be low over the weekend, and funds are less willing to participate. As the year-end approaches, the market mainly consolidates within narrow ranges, making it difficult to see large trending moves. Heavy positions are not recommended.
Prioritize observing, protecting principal, and having a peaceful New Year.
Focus on dips for long positions, avoid chasing highs, and do not fight against the trend.
Around 500 points is sufficient; take profits and avoid greed for long-term gains.
Resistance above: 69,500 (can reduce positions/ take profits upon reaching)
Support below: 68,500 (stability allows for light long positions)
Strictly control positions, set stop-loss orders, avoid fighting the market before the holiday, and protecting profits is more important than chasing high returns.
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