Analysis of the Morning of December 12

Yesterday, Bitcoin repeatedly tested the support level of 89,200 before initiating a rebound. During the early hours, the bulls continued to push upward, with the price reaching a high of 93,500. Our clear emphasis on a long position at lower levels yesterday, whether in terms of entry timing or directional judgment, has been precisely validated by the market!

Currently, from the overall chart perspective, the market continues to fluctuate within a wide range. The daily candlestick closed with a prominent long lower shadow, signaling a gradual stabilization and positive market sentiment; the four-hour bearish momentum continues to weaken, although the bullish volume on the hourly chart shows some contraction, the overall upward trend remains intact. In summary, the market dominance is still held by the bulls, and future operations will continue to adhere to the strategy of waiting for pullbacks to low levels to establish long positions.

Trading Suggestions
Buy on dips around 92,000-91,400, targeting 93,000-93,800, and if broken, look for further upside toward 94,800.
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