12.1 Morning Strategy Insights

Waking up from a sleep, a red needle! Observing the market, BTC faced resistance at 92000 last night, and this morning it showed a significant downward trend, currently retreating to around 87400 USD.

The early stage saw a concentrated exit of long positions, leading to increased selling pressure, with a net capital outflow of $312 million. The short-term correction trend continues, and market sentiment has shifted from "high-level oscillation" to "panic selling," overall in a phase of releasing correction momentum.

The Bollinger Bands on the hourly level are clearly opening downwards, and the price has fallen below the lower band. The MACD indicator's DIF-DEA is continuously diverging downwards, and the trading volume is also increasing, indicating that there is capital support during the decline, but the selling pressure is stronger.

There is no clear news at the moment, and no specific triggering event has emerged. Wang Ming believes that this pullback is more of a spontaneous adjustment due to profit-taking from earlier high-position chips and market sentiment linkage.

Bitcoin: Pay short-term attention to the 86500-87000 range for partial light position building, with a defense below 86000, aiming for the resistance level at 88500-89000 #加密市场回暖