12.12 Morning Analysis of Bitcoin Thoughts

Last night, we publicly reminded that CPI data may continue a rebound trend. We grasped the continuation of the bullish trend, and the Bitcoin price movement perfectly met expectations, showing a rebound trend!

Returning to today’s analysis, after the midnight surge was blocked, the market has once again entered a phase of adjustment and repair. The fluctuations have been relatively small, and there has not been a significant increase in volume. From an hourly perspective, Bitcoin has been continuously testing lower support levels, and we can focus on the support strength at the 99600 level. This level corresponds to the bottom point tested at midnight yesterday and is also where the middle band of the Bollinger Bands is located. If it fails to stop the decline and recover, along with market sentiment, it may trigger a new round of waterfall adjustments. This morning, we can focus on the low retest.

Bitcoin Trading Suggestions: 99600~100000, looking up to 102000.