12.1 Afternoon Thoughts

Over the weekend, Bitcoin oscillated and consolidated above 90,000 for two days, reaching a maximum rebound at the 92,000 mark but failing to hold. It then entered a downward mode. This morning at 8 o'clock, the weekly candle closed simultaneously, and the market immediately faced a sharp decline. After losing the 89,000 support, it continued to drop, reaching a low of 86,300 so far, having fallen over 5,000 points from the 92,000 high!

Regarding this wave of decline, many voices in the market attribute it to the regulatory news from the domestic front the day before, but I personally believe the impact is limited—the core issue is still the continuation of a large-scale correction. It is important to note that Bitcoin has rebounded from 80600 to 93000, accumulating over 12000 points in gains. Coupled with the technical pressure from the closing of weekly and monthly lines, there is inherently a need for a pullback. The news has merely accelerated the pace of the decline; even without any positive or negative news, the correction would only have been delayed by 1-2 days.

Current key support levels to watch are 86000 and 85000. If 85000 is lost, it may further drop to 83500; on the rebound side, focus on 87000, 87800, and 88800. If it cannot break through the resistance at 89000, downward risks should still be monitored.
Intraday trading strategy:
Buy Bitcoin in the range of 85000-86000, target 87800-88800.
Auntie enters at 2750-2800, looking up at 2880-2930.
#加密市场回暖 #加密市场观察 #比特币行情观察 #今日你看涨还是看跌？