Bitcoin price update on December 19th

This article was written at 13:46. Yesterday, our long position entry point was around 86500, with a target of 89. The upward movement gave us an exit opportunity, resulting in a profit of around 3500 points. After the upward movement, it failed to break through, and then the 4-hour chart showed a sharp decline, closing with a large bearish candle. The decline did not continue during the daytime session, with a slight rebound. Recent price movements have been quite rapid, and market news shows that bulls have been relentlessly wiped out. In such a market, being greedy for long positions easily leads to losses. Looking at the daily chart, the support around 85500 has not been broken on a major scale, and the support is still relatively effective. A short-term upward movement is possible. Pay attention to the breakout of the highs of the previous two days. If yesterday's high of 89460 is effectively broken, a significant rebound is expected. In the short term, watch the 88400 level. If it's reached and the 4-hour chart shows an upper shadow, consider a short position with a stop-loss at 89500 and an initial target of around 85500. If it breaks below 84401, hold until 80,000. If the 4-hour chart doesn't close with a candlestick, don't short. Watch for a breakout of the high of 98468; a breakout could lead to a rally to around 91000. Enter the market at your own discretion. Click the profile picture above to open my profile and discuss market trends. Short-term trading, manage risk, profits and losses at your own discretion.