The cycle is long, but the profits are huge!!!

Bearish trap? Bullish trap?

Bitcoin 12.8 Intraday Analysis

Last night's Bitcoin movement was quite exciting, first there were consecutive small bearish candles followed by a large bearish candle, which brought the price near 87700. After that, there was a continuous rise to 91700, an increase of 4000 points. The current price is still stable above 90000, but as I mentioned before, 90000 is not a resistance level, so even if it stabilizes at this position, it doesn't prove much.

From the hourly chart, Bitcoin's movement last night was a series of ups and downs, currently at a midpoint between ups and downs. From a short-term hourly perspective, the upper resistance is at 91500, and the lower support is at 88200. During the day, we can initially operate on a short-term basis, and after the evening session starts, we can make long-term plans once the specific direction is clear.

During the day, Bitcoin can first short near 91200 with a target of 88800.

$BTC $ETH $BNB #比特币VS代币化黄金 #美联储重启降息步伐 #ETH走势分析 #加密市场观察 #隐私币生态普涨