12.1 Morning Analysis by Brother Yuan $ETH $BTC
The Calm After the Feast? Bitcoin is "napping" at a high level, and the market is waiting for the next wind.
The major coin has become a strong resistance area at $93,000, with multiple attempts to break through failing. The current price is consolidating around $91,000, with neither side giving way. Continuous small candlesticks indicate weakening momentum, and we should be wary that prolonged consolidation will lead to a decline. Key support can be looked at around $90,500; if it breaks down with volume, the space for a correction may open up.
Auntie is following the BTC trend, with pressure around $3,080. The structure also shows signs of stagnation at a high level. The range of $3,000-$2,970 below is an important support zone that needs to be closely watched.
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