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12.26 Market Analysis
Looking back at the intraday trend, the price has been oscillating around the midline, with multiple attempts to break through but failing to establish a one-sided trend. The battle between bulls and bears is very intense.
After the midnight close, the price faced resistance and declined again, indicating that the short-term resistance level is quite strong. The four-hour Bollinger Bands have noticeably contracted, further narrowing the range of oscillation. Next, focus should be on whether the support below is stable, and look for entry opportunities based on support levels.
Operational suggestions:
Bitcoin 86000-86500
Target: 88000-88500
Altcoin 2840-2870
Target: 2950-3000