12.12 Afternoon BTC Forecast and Analysis

From the intraday K-line trend, the afternoon BTC price is expected to mainly fluctuate within a range with a slight bullish attempt to test resistance. The core trading range is between 92000-92700, and the breakthrough of key support and resistance levels will determine the subsequent direction.

Intraday, BTC dipped to a low of 91386.8 before rebounding, forming a "W bottom" pattern, then maintained a sideways upward momentum. The bulls' absorption strength below 92000 is evident; the early high of 93547.3 serves as a short-term strong resistance, while the afternoon's temporary high of 92685.5 becomes an immediate resistance reference.

During the rebound, the size of the bullish candlestick bodies repeatedly increased, indicating that buying funds are gradually flowing back. However, after surging above 92600, a bearish candlestick appeared, showing that selling pressure still exists above. The bulls and bears are entering a deadlock stage. The current price is anchored around 92400, within the intraday oscillation zone. The strong support zone below is between 92000-92200, while the short-term resistance zone is between 92600-92700.

In the afternoon, BTC is highly likely to fluctuate within the 92000-92600 range. If it can stabilize above 92600, there is potential to reach 93000. If it loses the 92000 support, it will test the 91800-91400 zone to confirm support, with limited expected pullback. A strong breakthrough above 92700 could open the space for a rebound toward 93000+.

Trading suggestion: Consider a light position within the 92000-92200 range, with a stop-loss below 92000. Target the 92600-92700 range; if it stabilizes above 92700, the target can be raised to 93500-94000. If the price hits the resistance zone at 92650-92700 and shows signs of stagnation, try shorting with a small position, setting the stop-loss above 92750, and aiming for 92200-92000. If it loses 92000, the target shifts to 91800-91400.
#Gate11月透明度报告出炉 #美联储降息 #广场发帖领$50 #加密市场观察
Copycat④ Whole Family
Copycat④ Whole Family
Copycat④ Whole Family