$BTC 12.3 Early Morning Thoughts
Last night, Bitcoin began to gradually rise, currently reaching a high of around 92200, with a space for an increase of more than 5000 points. The daily trading of the market has also unexpectedly turned profitable; no one can be sure what will happen in the next moment. What we can do is stay calm and continue without rushing, and later successfully follow the trend to recover previous losses. Compared to a continuous winning streak, being able to stop losses in time and turn them into profits is more practical.
Currently, on the 4-hour level for Bitcoin, the previous top structure has been affected by the emergence of a large bullish candle. The middle band of the Bollinger Bands has gradually flattened from its previous downward trend and even shows signs of turning upward. The current volume has not yet continued to shrink, but there will be some adjustments in the short term, so there is no rush to enter the market; first, observe the support level after the breakout. It is advisable to look at the support around 91000, while on the upper side, if the resistance position at 92500 breaks, we can continue to look towards the vicinity of 93200. The altcoins are rising in sync, focusing first on the 3050-3070 range.
