12.12 Morning Report

BTC Price: Around 92500

Technical Analysis:

Last night, after BTC steadied around 91,000, a strong bullish candle with increased volume pulled the market sentiment back from a low point. The price has now climbed back above the MA99, and short-term sentiment has clearly recovered, with the market shifting from a 'wait-and-see' approach to a 'cautious bullish' stance. Overall, it remains in a range-bound structure, but the lower levels increasingly resemble a situation where funds are quietly supporting the market, as it struggles to fall further; this is currently the biggest signal.

The news is also supportive: Trump's speech last night continued to emphasize the goal of making the U.S. the most crypto-friendly center in the world, which provides a safety net for the market; meanwhile, institutional funds continue to flow steadily into the market, allowing bulls to regain some confidence. In the short term, if Bitcoin can hold above 92,000, there is a chance to continue challenging the resistance in the 93,500–94,000 range; however, the pace remains cautious, and it is advantageous to buy on dips rather than chase highs.