#数字货币市场回升 12.1 Morning Market Observation

Waking up in the morning to check the market, BTC encountered resistance around 92,000 last night and fell back. This morning, it directly broke down with increased volume, and the current price is hovering around 87,400 USD.

The recent drop is mainly due to profit-taking by the earlier bulls concentrating their retreats at high levels, with selling pressure transmitting layer by layer, resulting in a net outflow of funds amounting to $312 million. Market sentiment has clearly switched from "high-level tug-of-war" to "panic selling" mode, and the adjustment pressure is still being released.

From a technical perspective, the one-hour Bollinger Bands are opening downward, and the price has already breached the lower support. The DIF and DEA lines of the MACD are continuously diverging downward, and with the increasing trading volume, it can be seen that although there is capital stepping in, the selling pressure is clearly stronger.

There are currently no special catalysts in the news. I tend to believe that this adjustment is more of a technical correction: the previous rise was too rapid, high-level positions are being released, combined with the natural pullback caused by market sentiment.

$BTC For short-term trading, pay attention to the 86500-87000 range where you can gradually try going long, with a stop loss set below 86000, and a target looking at the resistance zone of 88500-89000. $ETH Also keep an eye on related opportunities.