Bitcoin price update on December 16th

This article was written at 15:03. The price repeatedly failed to break through the resistance level around 94. Our initial strategy was to target 98 if it broke through 94, but the market didn't deliver. Most of our long positions placed around 94 had an exit opportunity, potentially yielding a profit of 3000+ points. Those who didn't exit in time were stopped out. Looking at the chart, the price failed to break through 94 several times on the daily chart, and has currently fallen to around 85. This level is the weekly support level, where our long-term long positions were established. Now that it has held, those looking to establish long-term positions can do so, and those already in positions can continue to hold. In the short term, the price hasn't broken the low of 83777, and a rebound is expected. The daily chart is currently showing a closing pattern, suggesting a short-term rebound is likely. Long positions can be established directly, with a suggested stop-loss at 84000 and a target range of 90000-91000. Enter at your own discretion. Click the profile picture above to open my profile and discuss market trends. Short-term trading, manage risk, profits and losses at your own discretion.