12.12 Bitcoin Morning Outlook



From the market structure, the four-hour chart shows continuous upward movement with consecutive green candles, but the price remains tightly hugging the middle band of the Bollinger Bands, indicating significant resistance from the chips in this zone. With multiple resistance levels overlapping, the probability of a short-term breakout above the middle band is relatively low.

Switching to a one-hour timeframe for observation, the MACD double lines are approaching the zero axis and are forming a golden cross. The bullish momentum is gradually warming up, but caution is still needed as technical corrections may occur during the indicator recovery process.

Based on multi-timeframe resonance signals, the current market is more suitable for a high-short strategy. It is recommended to position around key resistance zones when appropriate.

Trading Suggestions

Consider establishing a position around 93500-94600, targeting 91000, with a stop near 89200$BTC
BTC-0.51%
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