12.10 Bitcoin
Bitcoin successfully broke through the wedge in the early morning and created a new high above 94150. The market first gave you a precarious illusion, then the two large green candles on the hourly chart shot up like mushrooms after rain, exploding an unknown number of positions.
Currently, the upper edge of Bitcoin's wedge serves as a support. As long as Bitcoin does not fall below the internal operation of the wedge, there will not be a lower low. Bitcoin is currently in a consolidation continuation during an upward trend, and after the consolidation, there is still momentum to break upward and test the key support of 96000 above.
Conversely, if the upper edge of the wedge does not hold as support and falls back inside the wedge, it will also test downwards. Today's Silk Road is very simple; pay attention to whether the area around 91500 at the upper edge of the Bitcoin wedge can hold. This position is the watershed for Bitcoin during the day.
Bitcoin, enter around 92000-92500, target upwards at 94600-96000
