12.17 Evening Bitcoin
Bitcoin was blocked at the resistance position of 88200 last night and fell back. A bullish engulfing pattern has appeared on the hourly chart, and various signs indicate that Bitcoin is set for a correction. However, Bitcoin is currently standing near the triangle neck line position around 86550. Isn't that strange? What is this supposed to mean?
In the short term, as long as Bitcoin does not fall below 86550, it is temporarily expected to stop falling. However, looking at the hourly chart, Bitcoin also cannot rise. Tonight, unless it can break through the upper boundary of the triangle and then break 88200, we can expect a continuation of the upward trend and look for higher positions. Otherwise, it will all be in vain.
Evening Bitcoin, aim to enter around 87500-88200, target lower at 85000-83800
