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At this stage, the trend of Bitcoin is still more stable to deal with based on the oscillation approach. From the 1-hour level, there is still a missing leg in the structure, which is expected to be completed in the 15-minute structure. The key support is at the position of 86700, which may not necessarily fall through.
If we follow the rhythm of the Christmas market trend, how should we arrange the low long strategy? My thinking is as follows —
The target positions are set at 88400, 89200, and 90350, with a stop loss at 86500. In terms of rhythm, take profit at the first target and don't be greedy.
It must be said honestly: don't expect this wave to soar. It's currently a bear market, and once the bulls show signs of trouble, you must evacuate immediately; that's the key to survival. The characteristic of the fluctuating market in a bear market is rapid rises and slow declines; understanding this rhythm can help you avoid pitfalls.