On December 12, the Bitcoin market fluctuated dramatically, with both bulls and bears engaged in fierce battles at key price levels.
📊 Today's Core Market
Today's market can be summarized as "break first, then establish":
1. Early morning dip: The price once fell below the key psychological level of $90,000, with a low of $89,996.4, testing the support below.
2. Morning counterattack: The market then rebounded strongly, breaking above $93,000.
3. Intraday wide fluctuations: The price rapidly fluctuated within a short time, with a significant daily amplitude, reflecting market divergence.
🎯 Key Techniques and Perspectives
In the midst of violent fluctuations, pay attention to the following key positions:
· Key support: The region of $88,000-$89,000. Holding this area is the basis for maintaining the short-term trend without deterioration.
· Key resistance: The region of $93,000-$94,000. An effective breakthrough of this range is required to open up space for further gains.
· Market interpretation: Some analysts believe that this decline may be the "final washout" before an upward trend. Meanwhile, some institutions (such as Standard Chartered Bank) still maintain a year-end target price expectation of $100,000.
💡 Summary
Overall, Bitcoin is still in a wide fluctuation pattern between $85,000 and $95,000. Today's market has once again confirmed the boundaries of this range. Going forward, close attention should be paid to the price performance at the aforementioned key support and resistance levels to determine the market's next direction.
📊 Today's Core Market
Today's market can be summarized as "break first, then establish":
1. Early morning dip: The price once fell below the key psychological level of $90,000, with a low of $89,996.4, testing the support below.
2. Morning counterattack: The market then rebounded strongly, breaking above $93,000.
3. Intraday wide fluctuations: The price rapidly fluctuated within a short time, with a significant daily amplitude, reflecting market divergence.
🎯 Key Techniques and Perspectives
In the midst of violent fluctuations, pay attention to the following key positions:
· Key support: The region of $88,000-$89,000. Holding this area is the basis for maintaining the short-term trend without deterioration.
· Key resistance: The region of $93,000-$94,000. An effective breakthrough of this range is required to open up space for further gains.
· Market interpretation: Some analysts believe that this decline may be the "final washout" before an upward trend. Meanwhile, some institutions (such as Standard Chartered Bank) still maintain a year-end target price expectation of $100,000.
💡 Summary
Overall, Bitcoin is still in a wide fluctuation pattern between $85,000 and $95,000. Today's market has once again confirmed the boundaries of this range. Going forward, close attention should be paid to the price performance at the aforementioned key support and resistance levels to determine the market's next direction.
