December 12th Bitcoin Market Analysis & Trading Suggestions

Bitcoin has regained strength after experiencing fluctuations, currently breaking through the 93,000 mark, indicating that bulls have effectively defended at key support levels.

On December 11th, the Federal Reserve lowered interest rates by 25 basis points as expected, but the voting result of 9 in favor and 3 against created the largest divergence in six years. Powell made it clear that "the probability of a rate cut in January is low," breaking market expectations for short-term easing, with the market showing characteristics of "buying the expectation, selling the fact."

Technical Analysis

Daily Level: Forming a "bear flag" bearish continuation pattern, the upper Bollinger Band at 93,000 forms strong resistance, and MACD shows a declining volume, with bullish momentum weakening;

Four-Hour Level: RSI quickly retraced from the overbought range to a neutral area, MACD green bars decreased, and bearish momentum weakened;

Half-Hour Level: RSI flattened after entering the oversold area, and MACD showed slight bottom divergence, suggesting a technical rebound demand in the short term.

Bitcoin: 92,000-91,500, target 92,600-94,000, stop loss 91,000

The above views are for reference only and do not constitute investment advice. Investors operate at their own risk!