Based on AiCoin, the price of Bitcoin showed bearish patterns on the 4-hour and daily charts following a sharp decline on December 11. Key technical indicators such as MACD and RSI suggest weakening momentum, while volume analysis reveals divergence. The report outlines potential buy and sell levels, including support at 3150 USDT and resistance at 3250 USDT, with stop-loss points provided for both long and short positions. The content is presented as a guide for traders and does not constitute investment advice.
AiCoin Analysis: Price Action and Trading Levels After Market Drop on Dec 11
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Summary
AiCoin analysis shows Bitcoin’s price action turned bearish on the 4-hour and daily charts after the drop on Dec 11. Key indicators like MACD and RSI signal fading momentum, while volume analysis highlights divergence. The report identifies support at 3150 USDT and resistance at 3250 USDT, with stop-loss levels for both long and short positions. Traders are advised to monitor these levels closely.
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