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12.05 Friday BTC Afternoon Strategy:
Currently, BTC price is around 92,000. After rising from 84,000 to this week's high of 94,000, the 4-hour chart is now in a sideways pattern.
In the short term, the range is expected to fluctuate between 94,000 and 87,000.
The day session is still expected to be volatile. After all, it's moved 10,000 points in three days. After breaking below 91,000 at 3 a.m. today, the market started to correct, and it indeed needs time to find direction.
Afternoon strategy:
Watch the resistance around the 94,000 level. Short-term support is at 91,300, with strong support around the 90,500 level.
Go long at 91,300-91,600. Target around 92,900.