12.8 Monday Morning Bitcoin Analysis
From the 1-hour chart, Bitcoin has experienced two days of sideways consolidation and has once again tested the 88000 level before quickly recovering lost ground. The confrontation is intense, and in terms of technical indicators, the middle band of the Bollinger Bands and the EMA monthly line both provide strong support for the price. Additionally, with the Federal Reserve's interest rate cuts nearing implementation, it's a good opportunity to accumulate on dips.
Personal advice, for reference only (strictly set defenses)
Bitcoin can be traded around 89000-88100, with a target of 91800-93200