12.11 Bitcoin Aunt's Evening Thoughts
On the hourly chart, although the price has repeatedly formed lower shadows near the lower Bollinger Band, indicating short-term support, the rebound has been consistently limited by the middle band, failing to generate a significant upward breakout. After multiple dips, while there has been temporary support, it has not been able to convert into sustained upward momentum, reflecting a lack of follow-through buying in the market and ongoing weak bullish sentiment. The current consolidation leans more towards a correction after the release of bearish momentum, with the overall structure still in a weak accumulation state.
In terms of indicators, the 4H MACD maintains green bars expanding below the zero line, with DIF and DEA diverging downward. The RSI has quickly pulled back from the overbought zone. If the short-term head breaks below the lower support line, the downside space will open up!
Personal Suggestions
Bitcoin: Enter at 90500-91200, target downward to 89k-88k, break below to see 85k!
Aunt: Enter near 3250, target downward to 3150-3100, break below to see 3000!
