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12.11 Morning BTCTechnical Analysis
The technical structure is still emphasizing the technical points mentioned in the early morning, or the process of repeated shocks. The downside has confirmed the support, so the remaining part is the Rebound. In the early morning, seizing this structure to enter the market, and the early morning once again confirmed the support to form a double-needle bottom structure.
From a structural point of view, a new round of Rebound will be initiated around the support position after the Rebound. In the small cycle, it repeatedly impacts 97000. When the resistance is repeatedly impacted, the probability of breaking through and stabilizing will increase a lot. The overall pattern is basically a step-by-step turn, not a strong one-sided structure. It is advisable to follow the trend and buy more in the early morning of Wednesday.
BTC retraced to around 96000-95500, with a target of 98000! #币圈 #加密货币