In the early morning of December 11th, BTC price experienced a wave of upward movement, but the momentum was limited. From the $80,500 rebound starting point, the technical pattern shows a typical guiding wedge — gradually rising amid oscillations.

It is worth noting that the range between $89,000 and $90,000 exhibits strong support characteristics. Each time the price retraces to this level, it can find effective support.

Based on the current trend projection, BTC is expected to test the price range of $103,500 to $112,500 in the next month. However, caution should be exercised as this upward process is unlikely to be a straight surge; it may involve multiple reversals and shakeouts along the way. Market participants should be prepared for volatility.