12.7

BTC is currently at the 89333 level. Previously, there was a surge followed by a pullback, with the hourly high reaching 90257, then retracing to the current range. Overall, it is showing a short-term pattern of surging and then consolidating with a pullback. Recently, the 1-hour candlestick chart has shown long upper shadow candlesticks after a surge and pullback, followed by several small bearish and bullish candlesticks forming a consolidation pattern, indicating a tug-of-war between bulls and bears at the current price, with no clear direction yet. After previously dipping to 88870 and quickly rebounding, this level has formed short-term support. However, the failure to break above the 90000 psychological resistance suggests strong selling pressure above.

The KDJ indicator’s three lines have started to turn upward from a low level, showing signs of a golden cross at the bottom, implying short-term rebound expectations, but the values are still below 50, indicating the overall market remains in a weak zone. The MACD histogram is positive with a value of 37.3, suggesting bearish momentum is weakening, but the DIF is still below the DEA, so the medium-term bearish trend has not fundamentally reversed.

In the short term, BTC is mainly in a consolidation and recovery phase. The lower Bollinger Band at 89142 and the 88870 level are important supports, while 90000-90257 is the resistance range above. If it can hold above the middle Bollinger Band at 89507, or leverage the KDJ golden cross for a small rebound, otherwise there is still the possibility of testing support below.
In the short term, consider light long positions on a pullback to around 88535--88032, with a target towards 90020--91012.

The above is only personal advice for reference only; please refer to Haoyu Shipan's strategy for specifics! $BTC #btc ‌