The overall daytime market for Bitcoin is fluctuating upward within the range of 86200 - 87500. From the perspective of the moving average system, it is gradually rising and forming a head arrangement pattern. On the daily level, although the trading volume has shrunk somewhat, the candlestick still closes positively. Currently, the key resistance level above that needs to be closely monitored is around 90000. Looking at the four-hour chart, the momentum is clearly weakening, and despite the reduction in trading volume, it has formed a five consecutive bullish candle pattern. The current short-term pressure is mainly concentrated around the 88500 level. The hourly chart maintains a step-like upward rhythm, and the structure is solid. Operation advice Bitcoin: hovering around 86800-86600, target near 88500 Second pancake: around 2800-2780, target near 2900.
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Silk Road on the evening of 12.2
The overall daytime market for Bitcoin is fluctuating upward within the range of 86200 - 87500. From the perspective of the moving average system, it is gradually rising and forming a head arrangement pattern. On the daily level, although the trading volume has shrunk somewhat, the candlestick still closes positively. Currently, the key resistance level above that needs to be closely monitored is around 90000.
Looking at the four-hour chart, the momentum is clearly weakening, and despite the reduction in trading volume, it has formed a five consecutive bullish candle pattern. The current short-term pressure is mainly concentrated around the 88500 level. The hourly chart maintains a step-like upward rhythm, and the structure is solid.
Operation advice
Bitcoin: hovering around 86800-86600, target near 88500
Second pancake: around 2800-2780, target near 2900.