#BTC 12-12 Afternoon Cryptocurrency Market Explosion Analysis! Old Guo's Accurate Prediction of the Bull-Bear Game
The major coin surged wildly to the 93,500 line yesterday but was severely pressured, and the upward channel was directly crushed! Bulls exhausted all their efforts but were powerless to break the deadlock; today, the entire process fell into a crazy tug-of-war—three aggressive attempts to break through the 93,000 mark were strongly repelled by the bears. The current coin price is around 92,000, with both bulls and bears locked in a stalemate, and neither side can control the absolute initiative!
The technical indicators have long given clear signals: the upper Bollinger Band at the 4-hour level is like a solid wall, and the coin price has violently tested the critical resistance level of 4,500 four times, each time being severely knocked back to its original shape! The MACD indicator has a high position dead cross that continues to diverge, and the green bars are increasing in volume, with bear momentum crazily accumulating; the RSI indicator has rapidly fallen from the overbought range and is currently hovering near the 50 neutral line, with bull momentum already exhausted!
If a strong breakthrough of the previous high point of 93,500 cannot be achieved subsequently, the coin price will directly enter a waterfall-style decline mode, with the first target aimed at the 91,000 support level. If it breaks down, it is highly likely to plunge towards the 90,000 round number!
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