December 30 Bitcoin / Lady Queen Market Outlook



The price previously surged to $90,400 before starting to decline, with an intraday dip to a low of $86,800. Overall, the market shows a bottoming and rebound trend. In terms of volume, market trading activity remains high, and during the pullback, there was no sustained increase in selling pressure, indicating strong bullish support; the short-term pullback shows significantly weakened downward momentum, laying a solid foundation for bulls to position themselves.

Technically, on the 4-hour chart, after the price briefly dipped below the lower Bollinger Band, it quickly rebounded, with the lower band acting as a strong and effective support level, bringing the price back inside the Bollinger Bands. After breaking through the previous high of $90,400, the pullback did not break critical support zones, confirming a typical breakout retest pattern, and technical signals have clearly indicated bullish setup.

Bitcoin trading strategy: Pullback near 86,800-86,200, aiming for 88,000-89,500; if broken, continue upward.

Lady Queen trading strategy: Pullback near 2,900-2,850, aiming for 2,980-3,050; if broken, continue upward.
ETH0,39%
BTC0,24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)