12.12 Afternoon BTC Forecast Analysis
From the intraday K-line trend, the afternoon BTC price will show a pattern of range fluctuations with a tendency to test resistance, with 92000-92700 as the core competition range. The breakthrough of key support and resistance levels will determine the subsequent direction.
After the intraday BTC dipped to a low of 91386.8, it rebounded, forming the initial shape of a 'W bottom,' and then maintained a fluctuating upward rhythm. The bulls showed significant support below 92000; the intraday high of 93547.3 serves as a short-term strong pressure, while the afternoon stage high of 92685.5 becomes an immediate reference for pressure.
During the rebound process, the bullish candlestick bodies repeatedly expanded, indicating that buying funds are gradually returning. However, after rising above 92600, a bearish candlestick correction occurred, showing that selling pressure still exists above, and the long-short competition has entered a stalemate stage. The current price is anchored around 92400, within the intraday fluctuation mid-range, with 92000-92200 as a strong support band below and 92600-92700 as a short-term pressure band.
In the afternoon, BTC is likely to fluctuate in the range of 92000-92600. If it can stabilize above 92600, it is expected to look towards 93000. If it fails to hold the 92000 support, it will retest the 91800-91400 range to confirm support, with the expected retracement magnitude being limited; if it strongly breaks through 92700, it will open up space for a rebound towards 93000+.
Trading suggestions: It is advisable to lightly position in the 92000-92200 range, with a stop loss set below 92000, targeting 92600-92700. If it stabilizes above 92700, then target 93500-94000. If the price touches the 92650-92700 pressure zone and shows signs of stagnation, a light short position can be attempted, with a stop loss set above 92750, targeting 92200-92000. If it fails to hold 92000, the target is 91800-91400.