Bitcoin surged to around 94,600 last night, still a bit short of 95,000. There is indeed strong resistance at this level. It’s not surprising that this upward move didn’t break through.
Now, with only a few days left in the December rate cut window, BTC is already at a relatively low level. Even if there’s bearish news, the bullish logic still holds. Staying firmly bullish is fine. The key is whether we can break through 95,000 today. The pace may be a bit slow this morning, but once it breaks, things should go smoothly. If not, consider reversing your position.
The morning strategy is still to focus on long positions at lower levels.
**Trading Recommendation** Go long in the 91,500-92,000 range, targeting 95,000. If it breaks through, look for even higher levels. If it fails to break 95,000, consider switching to short positions.
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0xSunnyDay
· 12-10 02:54
94600 almost broke 95000, this hurdle is still a bit hard. However, there is indeed nothing wrong with the logic of the bulls, it depends on whether it can be powerful today.
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NotAFinancialAdvice
· 12-10 02:43
94600 is stuck, 95000 is still a bit tough to break through, but the bullish logic is still there, so I'll just keep hodling.
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ProposalDetective
· 12-10 02:38
95,000 is a really tough hurdle, but the logic behind it does hold up.
#美SEC促进加密资产创新监管框架 December 10, Wednesday Morning Market Outlook
Bitcoin surged to around 94,600 last night, still a bit short of 95,000. There is indeed strong resistance at this level. It’s not surprising that this upward move didn’t break through.
Now, with only a few days left in the December rate cut window, BTC is already at a relatively low level. Even if there’s bearish news, the bullish logic still holds. Staying firmly bullish is fine. The key is whether we can break through 95,000 today. The pace may be a bit slow this morning, but once it breaks, things should go smoothly. If not, consider reversing your position.
The morning strategy is still to focus on long positions at lower levels.
**Trading Recommendation**
Go long in the 91,500-92,000 range, targeting 95,000. If it breaks through, look for even higher levels. If it fails to break 95,000, consider switching to short positions.
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