《12.11 Bitcoin Market Analysis and Trading Guide》

Bitcoin prices have been on a continuous downward trend during the evening, and many blindly chasing long positions must have helplessly stopped their losses and exited the market.

The daily level retracement is hovering around the 97000 mark, with small-scale bearish forces continuing to be released during the day. At this moment, one may consider a preliminary pullback, followed by entering long positions at lower prices.

It is recommended to go long when the Bitcoin price is in the range of 97000 - 96500, with a target price set near 99000.

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