12.12 Bitcoin
You say this Bitcoin is fun or not, and you're starting to draw a door. It’s really speechless. However, I have to say that the support at 89360 is indeed strong; I underestimated it. Last night, after repeated friction and testing, it didn't break down but instead formed a multiple bottom trend and pulled up, reaching a resistance at 93600 and then falling back.
From a technical perspective, although Bitcoin has experienced a pullback after breaking the triangle, it has confirmed the support by testing the lower edge of the triangle. As long as Bitcoin can maintain its position above the upper edge of the triangle, there is still a chance to touch the previous high. Conversely, if it falls back inside the triangle, it will likely test the lower position at 89360 again. Hopefully, this rebound can continue to create new highs.
Currently, Bitcoin can only continue to rise if it stabilizes above 92700. I won't give any suggestions on the daytime trends; let's wait for the evening.
