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12.12 Friday Market Analysis
In the early morning, Bitcoin gradually increased from around 89,200, with the price reaching 93,500 before gradually falling back to around 91,200 for consolidation. The entry point and direction provided yesterday perfectly aligned with the market, continuing the overall wide-range oscillation pattern. The daily chart closed with a long lower shadow bullish candle, indicating strong support below; the four-hour bearish momentum continued to decrease, although the bullish momentum on the hourly chart slightly weakened, the overall upward trend remains unchanged.
Trading suggestion: pull back to around 91,500-90,700, aiming for 93,000-93,900
Support: around 3,170-3,120, aiming for 3,300-3,390; if broken 🉑, then consider looking at 3,450