Wednesday night analysis of Bitcoin market for 12.11!

During the day, the market overall fell first and then rose. After the price of Bitcoin dropped to around 95600, it could not continue to decline and then slowly rebounded to around 97700. Currently, the price is continuously consolidating around 97700. In the morning, we shorted first and then went long, successfully gaining over 2100 points, all publicly provided.

From the perspective of the market, after a round of declines in the early morning, the target is to operate upwards in a volatile manner. On the daily level, the price of Bitcoin is operating around the middle track area, with fierce competition between bulls and bears. In the short term, it is in a wide-ranging tug-of-war pattern, but the indicators on the sub-charts are all showing bearish signals, indicating a need for a short-term pullback. On the short-term 4-hour chart, the Bollinger Bands are moving downwards. Currently, the price of Bitcoin has shown a series of upward movements, but the momentum is slightly insufficient, still operating below the middle track. If the middle track cannot be effectively broken in the afternoon, we can short based on the area. #BTC投资案未获微软股东同意 #XRP逆势反弹 #重大空投观察 $BTC $ETH

Bitcoin short at 98300-98800 Target 95000

Eth short at 3710-3730 Target 3550