Early this morning, BTC prices moved down, briefly dropping below 91,000 before quickly rebounding, but there is still heavy selling pressure above. Several attempts to break through 94,000 failed, leading to a price pullback, and yesterday’s daily candle closed bearish.
Key price levels to watch today are the 90,100-90,700 support zone, with major resistance at 94,000. Technically, although the daily chart showed increased volume, it didn’t break through the key resistance level. The 4-hour volume is shrinking, indicating that BTC is currently in a consolidation and accumulation phase, not likely to move in a single direction in the short term. Therefore, it’s recommended to trade around the key price levels: short at highs, long at lows.
Trading suggestions:
BTC: Consider shorting at 92,700-93,200, targeting 91,200-90,700 ETH: Consider shorting at 3,180-3,210, targeting 3,100-3,000#十二月行情展望 #广场发帖领$50
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12.5 Friday Morning Thoughts
Early this morning, BTC prices moved down, briefly dropping below 91,000 before quickly rebounding, but there is still heavy selling pressure above. Several attempts to break through 94,000 failed, leading to a price pullback, and yesterday’s daily candle closed bearish.
Key price levels to watch today are the 90,100-90,700 support zone, with major resistance at 94,000. Technically, although the daily chart showed increased volume, it didn’t break through the key resistance level. The 4-hour volume is shrinking, indicating that BTC is currently in a consolidation and accumulation phase, not likely to move in a single direction in the short term. Therefore, it’s recommended to trade around the key price levels: short at highs, long at lows.
Trading suggestions:
BTC: Consider shorting at 92,700-93,200, targeting 91,200-90,700
ETH: Consider shorting at 3,180-3,210, targeting 3,100-3,000#十二月行情展望 #广场发帖领$50