Evening of 12.4

The current BTC candlestick pattern is a relatively strong consolidation structure. On the 1-hour chart, it shows a range-bound pattern following a surge and pullback. Previously, the price quickly rose from 91637 to the intraday high of 94185, then pulled back and fluctuated repeatedly within the 93000-93500 range. Recently, the candlesticks have alternated between small bullish and bearish candles, with no major bearish breakdowns, indicating a consolidation after an upward move.

At present, BTC is above the middle band of the Bollinger Bands at 93147, with the middle band sloping upward, suggesting a short-term bullish bias. The upper band at 93989 is the current resistance, and the lower band at 92304 is key support. The KDJ indicator lines are all in the neutral range and are converging, indicating a high probability of continued short-term consolidation. The MACD indicator shows the DIF below the DEA, and the MACD histogram is negative, suggesting that short-term bullish momentum is weak, but there has not been a significant volume drop, which points to a consolidation adjustment phase.

The short-term trend is slightly bullish within a range; watch for a breakout direction. Support levels: 93147 (Bollinger Bands middle band), 92304 (Bollinger Bands lower band). Resistance levels: 93989 (Bollinger Bands upper band), 94185 (intraday high).

If BTC can hold above the 93147 support, it will likely continue consolidating in the current range, with an upward breakout expected after surpassing the 93989 resistance. If it falls below 93147, it may retest support near 92304. It is recommended to consider light positions when price rebounds to the 94133-95010 area, targeting the 92532-91511 area.

The above is only a personal suggestion for reference only. Please refer to Haoyu Shipan's plan for specifics! $BTC #btc ‌