12.30 Bitcoin Auntie Queen Market Analysis:
Over the weekend, unfortunately, the market moved out of the 600/30 indicator, and today, as long as there is movement in the market, I will definitely bring everyone back in double!
Last week, the market encountered Christmas and was relatively quiet, with gold and the cryptocurrency market not experiencing significant fluctuations. Currently, it appears to be in a consolidating trend. The daily Bitcoin chart shows it at the lower edge of a triangle breakout, with a potential for further decline if it cannot rebound within or above the triangle. However, it is currently within the triangle, sitting below the 60-day moving average of 92500, showing signs of short-term confusion and hesitation. If it breaks below this line, the downside space will certainly open up!
As the end of the year approaches, you may notice that any rise or fall in all varieties is rather nonsensical, which will definitely cause panic and a change in market direction. The expectation is still to remain short around 95000, with a stop at 95500 and a target looking at 93000.
If it breaks below 92500 and cannot support a rebound, then the probability of a drop to the 88000 area is high.
Auntie is slightly stronger, oscillating around the daily 60-day moving average of 3380, waiting for Bitcoin's guidance! Today, shorts can be placed around 3430 with a stop at 3450 and a target looking at 3300.
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