12.10 Bitcoin Morning Analysis

From the current market perspective, the market experienced a plunge at midnight, and has once again entered an adjustment and repair phase. After two downward dips, there was a quick recovery, and the sentiment in the market has been effectively released. The previously mentioned 97000 level remains valid, and the upper resistance can be observed at the middle line of the hourly Bollinger Bands, where the price has been pressured and blocked twice this morning. This morning, we will continue to treat the market with a low bias.

Bitcoin Trading Suggestion: 97000~97500, target up to 99500.