December 11 Market Observation | BTC has a phase spike, but the momentum is clearly insufficient
Chinese crypto analyst Banmuxia pointed out today:
Although Bitcoin surged in the early morning, the momentum is not strong;
This segment starting from $80,500 is more like a typical guiding wedge;
The strong support zone remains at $89,000–$90,000;
The market model indicates a target range for the next month between $103,500–$112,500.
Overall judgment: There is still room for upward movement, but the path will be very winding,
very exhausting.
BTCUSDT
Perp
90,240.8
-2.44%
ETHUSDT
Perp
3,084.2
-4.66%
BNBUSDT
Perp
882.28
-0.44%