#加密生态动态追踪 On December 11th, cryptocurrency analyst Ban Mu Xia shared a technical observation on Bitcoin.

He pointed out that Bitcoin experienced a short-term rally in the early morning, but the gains were limited. Starting from the $80,500 level, it currently shows a descending wedge pattern—simply put, a price that gradually rises amid oscillation.

The key support zone is between $89,000 and $90,000, where the buying strength is relatively strong, and the probability of a decline is lower.

From the outlook, Bitcoin has the potential to reach a target range of $103,500 to $112,500 within the next month. However, this trend will not rise straight up, and there will inevitably be many fluctuations and pullbacks along the way. The current market is testing patience—who can withstand the oscillations.