12.15 Evening Bitcoin
Following yesterday's daily line, the triangle has now been broken. Bitcoin is currently attempting to reclaim its position within the triangle. If Bitcoin's daily line can return to the triangle and continue to consolidate tomorrow, the downward crisis at the daily level can be alleviated. Conversely, if it cannot reclaim the triangle, Bitcoin will continue to test lower positions.
Looking at the hourly line, the bullish flag has also consolidated all afternoon without a breakout, and the closing lines are all doji stars, indicating that the 90,000 level is under significant pressure. Only when the flag is broken can Bitcoin have the chance to reach the upper neck line at 90,600. The 90,600 level is crucial, as it determines whether Bitcoin can continue to rise or will encounter resistance and pull back.
Only by stabilizing above 90,600 can Bitcoin aim for higher positions. Conversely, if it pulls back and breaks below the 89,200 support, Bitcoin will continue to retrace.
Evening Bitcoin is oscillating around 89,200-89,500, with the target looking upward at 90,600-91,500
