12.14 Sunday Midday Bitcoin Analysis
From the 1-hour chart, the price has quickly dipped to around 89500 after reaching approximately 92500, and has been consolidating for nearly two days. Currently, there are signs of stabilization. In terms of technical indicators, the Bollinger Bands are narrowing, and the middle band provides strong support for the price. Bitcoin seems to be gathering momentum.
Personal suggestion, for reference only (strictly set defenses)
Bitcoin can be traded around 90000-89000, with a target of 92500-94000
