Crypto Scholar: On December 12, Bitcoin enters a consolidation period, the northward momentum has dried up, and the southward movement encounters strong support. For cautious investors, waiting is the best strategy! Latest market analysis and short-term strategy reference

Bitcoin's current price is 90850, it is now 3:30 AM Beijing time. Before the news hits, those heading north have liquidated their positions. Now that the market has developed, is it the best time to take profits upon review? From the overall rhythm of the current market, the southward momentum has not yet been fully released, and there is strong resistance going north. Either the market will consolidate over the weekend for adjustment, allowing everyone to rest and wait for clear signals before taking action.

Before the release of the daily candlestick, the highest was 92050 and the lowest was 89200. The EMA trend indicator has fallen below the EMA15 line at 91000. Although the MACD is expanding, the candlestick is retreating. The positions of DIF and DEA remain unchanged and expand upward, while the upper band of the Bollinger Bands has been pressed down to around 94200. The daily candlestick has retraced to the middle of the Bollinger Bands at 89900. Overall, the trend is at a critical support level. If it falls below 89900 and forms a solid break, the bearish trend will continue; otherwise, a rebound may occur, with mid-line support focusing on 85500.

After the four-hour candlestick broke the trend indicator, mutual adjustments began to appear. The MACD volume has decreased, and the DIF and DEA are forming a two-tiered differentiated consolidation cycle at the 0-axis. The lower band of the Bollinger Bands support is focused on 88800, the middle band at 91200, and the upper band at 93700. In the short term, there has been no break of key support, indicating a need for a pullback. Northward traders around the 89500 mark should pay attention to the 89000 support. If this support is lost, those heading north need to stop in time, liquidate, and wait for opportunities. Cautious traders should remain on the sidelines.

Short-term strategy reference: The market is not 100% certain, so be sure to set stop-losses. Safety first; small losses and big gains are the goal.

Northward trial entry point 89500 to 89000, with a defense at 88500, stop-loss at 500 points, target looking at 90500 to 91000, if broken, looking at 91500 to 920500.

Southward trial entry point 92000 to 92500, with a defense at 930500, stop-loss at 500 points, target looking at 91500 to 91000, if broken, looking at 90500 to 90000.

Specific operations should be based on real-time market data. For more details, please consult the author. The article is published with a delay, and is suggested for reference only, with risks borne by the reader.