12.7 Midday Market Analysis and Strategy Suggestions | BTC/USDT
Current Trend Overview
Bitcoin is currently trading around 89,697, having briefly surged to 90,257 in the morning before falling back under pressure, subsequently entering a phase of consolidation. The hourly chart shows a high followed by a drop, with a clear long upper shadow indicating strong selling pressure near the 90,000 integer level. The price rebounded quickly after touching 88,870, which has formed a key short-term support level.
· K-line Pattern: Recently, the 1-hour chart has shown multiple small bearish and bullish candles, indicating a consolidation phase, with both bulls and bears in a brief balance, awaiting a breakout confirmation.
· Indicator Signals: The KDJ has formed a preliminary golden cross at a low level, suggesting potential short-term rebound momentum, but overall remains in a weak zone below 50; the MACD bearish momentum bars are shrinking, but DIF is still below DEA, indicating that the mid-term bearish structure has not fully reversed yet.
Support: 88,870 (previous low), 88,532–88,032 range
Resistance: 90,000–90,257 (intraday high point area)
BTC is currently in a corrective consolidation phase, with notable pressure at the 90,000 level above. If it cannot stabilize near 89,507 (Bollinger Band middle line), it may test support again. If the KDJ golden cross continues, it could push the price to test above 90,000.
Consider watching for a pullback to the 88,532–88,032 range to establish long positions with light exposure, targeting gradually up to the 90,020–91,012 area. If it breaks above 90,257 and stabilizes, the short-term structure may strengthen.
The above analysis is a personal opinion and for reference only. Market conditions change rapidly; please follow Anxin Sister's real-time strategies for specific operations, strictly control positions, and set stop-losses.
