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.
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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.