Regarding Bitcoin $BTC trading today (December 5), there is a clear divergence between bulls and bears in the market, with the focus concentrated on several key price levels.

Core Observations and Key Price Levels

Currently, the price of Bitcoin is around $92,640. The dividing line between bulls and bears is in the $93,000-$94,000 range.

· Holding Above: If it can successfully break out and hold above this level, the next target will be $95,000, then challenge the $98,000-$102,000 range.
· Rejection and Pullback: If it faces resistance in this area, it may pull back to the $88,000-$89,000 support. Losing this level would increase downside risks.

Main Trading Strategies for Reference

You can refer to the following three strategies based on your risk preference:

1. Bullish Breakout Strategy

· Logic: Expecting the market to continue rebounding and break through key resistance.
· Key Actions: Wait for the price to clearly break out and hold above the $93,000-$94,000 area, with supporting trading volume.
· Potential Targets: $95,000 → $98,000-$102,000.
· Risk Control: Stop-loss can be set just below the breakout starting point (e.g., around $90,000).

2. Bearish Reversal Strategy

· Logic: Believing the current rebound is a selling opportunity, with the overall trend yet to reverse.
· Key Actions: Treat price rebounds to strong resistance areas like $98,000-$100,000 as potential selling opportunities.
· Potential Targets: If it turns bearish, the initial target is $88,000-$89,000, with deeper supports at $85,000 and even $76,000.
· Risk Control: Set stop-loss above key resistance levels.

3. Range Trading Strategy

· Logic: Expecting the price to fluctuate within a defined range, employing buying low and selling high.
· Key Range: Focus on the $88,000 (support) to $95,000/$98,000 (resistance) zone.
· Operations: Try light long positions near support, light short positions near resistance.
· Risk Control: Set stop-loss outside the upper and lower bounds of the range, and exit promptly if a breakout occurs.

Key Points to Note

1. Correlated Markets: Bitcoin is positively correlated with risk assets like US stocks (S&P 500, Nasdaq) and often negatively correlated with the US Dollar Index. Pay attention to these markets’ movements when trading.
2. Major Events: The Federal Reserve FOMC meeting on December 10 is the biggest upcoming variable; its rate decision may trigger significant volatility.
3. Risk Management: Cryptocurrency volatility is extremely high. Always use stop-loss orders, avoid high leverage, and make cautious decisions based on your own risk tolerance.
#十二月行情展望