12.1 Morning Analysis of Bitcoin: After reaching a high of 92000 at dawn, it encountered resistance and fell back to 86900. The daily chart shows insufficient bullish momentum, with significant resistance at 92000-93000. The 4-hour chart indicates a dominant bearish trend, and the descending channel is clear. The market lacks favourable information, posing a significant risk of short-term correction.
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12.1 Morning Analysis of Bitcoin: After reaching a high of 92000 at dawn, it encountered resistance and fell back to 86900. The daily chart shows insufficient bullish momentum, with significant resistance at 92000-93000. The 4-hour chart indicates a dominant bearish trend, and the descending channel is clear. The market lacks favourable information, posing a significant risk of short-term correction.
Trading suggestion: Short positions in the 88000-89000 range, target 86800-85800, if broken, can look at 85000.
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