This morning's movement was quite interesting. After Bitcoin stabilized around 89,200, the bulls' momentum gradually increased, pushing the price near 93,500 before encountering resistance and pulling back. It is now oscillating around 91,200, maintaining a wide-range box pattern overall.
From the candlestick perspective, the daily chart shows a bullish candle with a long lower shadow, indicating resilience in the bulls. On the four-hour chart, the bearish momentum is waning, while the bullish momentum on the hourly chart shows signs of gradually diminishing—this detail is worth noting.
Overall, the bulls still hold the dominant position. The short-term trading approach is: look for opportunities to go long within the 91,800-91,200 range, with key target zones at 93,000-94,500. Keep an eye on ETH as well.
Of course, this judgment is based on the current market environment. Actual trading should be flexible and tailored to your own risk tolerance.
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RunWhenCut
· 4h ago
It's the same bullish narrative again. I think this 93,500 resistance level will eventually be broken; I'm just worried that it might turn out to be another false breakout.
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ChainProspector
· 12-12 03:17
The resistance level at 93500 is really holding strong. Bulls are having a hard time breaking through. It seems we need to pull back and confirm the support before moving upward.
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PancakeFlippa
· 12-12 03:17
I was also watching the 91200 level this morning, and I feel like the bears are really losing strength.
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GasFeeCryBaby
· 12-12 03:12
Stabilized again at 89,200, the bulls still have some resilience. However, after pushing up to 93,500, it pulled back. To be honest, it's a bit disappointing.
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ServantOfSatoshi
· 12-12 03:06
This long lower shadow in the early morning is quite interesting. The bulls' resilience is still there, let's see if it can break through 93,500.
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FalseProfitProphet
· 12-12 02:59
93500 is stuck. Can we break through to 94500 this time? It feels a bit uncertain.
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Fren_Not_Food
· 12-12 02:57
The people trying to short again have all been shaken out; this bottom is truly solid.
#美国证券交易委员会推进数字资产监管框架创新 BTC Market Observation (Recent)
This morning's movement was quite interesting. After Bitcoin stabilized around 89,200, the bulls' momentum gradually increased, pushing the price near 93,500 before encountering resistance and pulling back. It is now oscillating around 91,200, maintaining a wide-range box pattern overall.
From the candlestick perspective, the daily chart shows a bullish candle with a long lower shadow, indicating resilience in the bulls. On the four-hour chart, the bearish momentum is waning, while the bullish momentum on the hourly chart shows signs of gradually diminishing—this detail is worth noting.
Overall, the bulls still hold the dominant position. The short-term trading approach is: look for opportunities to go long within the 91,800-91,200 range, with key target zones at 93,000-94,500. Keep an eye on ETH as well.
Of course, this judgment is based on the current market environment. Actual trading should be flexible and tailored to your own risk tolerance.