#数字资产生态回暖 December 11th Bitcoin Midday Market Analysis
Looking at the 1-hour chart, Bitcoin surged to around 94,476 the day before yesterday and then started to fall. Not only did it break through the previous support level, but it also dropped all the way down to the low of 89,389. Currently, the price is consistently below the middle band of the Bollinger Bands, close to the lower band. The Bollinger Band shape is widening downward, indicating that a short-term bearish trend has already formed. The previous rebound between the middle and lower bands was, to be honest, just a weak retracement and failed to break through the bearish pressure zone.
The subsequent outlook is as follows: Bitcoin can consider short positions in the range of 91,000 to 91,500, with stop-loss set above, targeting 89,000, with further support around 88,000.
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ContractTearjerker
· 12-11 10:19
The bears are so aggressive, the Bollinger Bands are even widening... It feels like a drop to 88000 is inevitable, and that short at 91000 is indeed tempting.
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DegenWhisperer
· 12-11 10:18
The short squeeze this time is a bit fierce, the Bollinger Bands are wide open, and that weak rebound is indeed painful. I understand the logic of shorting at 91,000-91,500.
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MeaninglessApe
· 12-11 10:18
Another short position again. Will it really drop if we push in at 91,000? The previous rebound was indeed very weak.
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BuyTheTop
· 12-11 10:10
Going short again, huh? Last time you said that, BTC shot up to 96K. Still daring to short now—that's really courageous.
#数字资产生态回暖 December 11th Bitcoin Midday Market Analysis
Looking at the 1-hour chart, Bitcoin surged to around 94,476 the day before yesterday and then started to fall. Not only did it break through the previous support level, but it also dropped all the way down to the low of 89,389. Currently, the price is consistently below the middle band of the Bollinger Bands, close to the lower band. The Bollinger Band shape is widening downward, indicating that a short-term bearish trend has already formed. The previous rebound between the middle and lower bands was, to be honest, just a weak retracement and failed to break through the bearish pressure zone.
The subsequent outlook is as follows: Bitcoin can consider short positions in the range of 91,000 to 91,500, with stop-loss set above, targeting 89,000, with further support around 88,000.
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