Xiang Li: December 13 Morning Bitcoin and Altcoin Trading Operations and Analysis

The current market is in a phase of rapid correction followed by consolidation. Bitcoin fell back after reaching 92630, with a sharp decline of nearly 3000 points, then touched 89429 and gradually rebounded, currently correcting around 90200. Altcoins are following the same pattern; after failing to reach the high of 3250, they sharply declined by nearly 200 points, stopping at 3041, then slightly rebounded, currently consolidating around 3090. Last night’s real trading guidance also encountered setbacks. Despite all indicators showing a bearish trend, the Bitcoin 1D short position was entered at 91947, but the market did not develop as expected towards bullish momentum. It exited at 91496 for a profit of 451 points. Since the downtrend continues, a quick reversal was made, entering at 91500 and exiting at 90013, successfully capturing over 1487 points, offsetting previous losses.

From the four-hour chart, after hitting the bottom, K-line closed with three consecutive bullish candles, each with long lower shadows. Support strength and levels are gradually improving, and selling pressure is weakening. During the morning session, it is recommended to buy on dips for a structured rise!

Bitcoin can buy within the 90000-90500 range, with a target near 91000.
Altcoins can buy within the 3070-3100 range, with a target near 3150.