12.5 Evening Bitcoin
The Bitcoin hourly chart shows that the bearish flag pattern has been broken. The resistance level above Bitcoin is at 92700; if it doesn't break through, there will be no way to continue the upward trend.
On the hourly and 4-hour charts, support is formed around 90700. Therefore, this level must not be broken; if it is, we need to test the 90000 level. If 90000 cannot hold, then it will be in trouble.
Currently, as long as Bitcoin does not break the low point from the early morning spike, there is still hope. Hopefully, it can stop falling around 90800 and form a double bottom before going up.
Tonight, Bitcoin is expected to fluctuate around 90300-90800, with a target looking up at 92600-93600
