Morning view on the 12.1

The 4-hour K-line chart shows that after a rapid rise, BTC has recently been alternating between small bearish and bullish candles, forming a consolidation pattern. The price fluctuates around the 90000 - 92000 range and has not effectively broken through the previous high. This is a typical stage of consolidation after a rise. The RSI indicator is in the neutral strong zone above 50, not entering the overbought or oversold areas. In the short term, there is no extreme imbalance between bullish and bearish forces, and it remains in a state of oscillation.

In the turbulent market, it is recommended to take a wait-and-see approach, without rushing to enter. Wait for the price to fall back to key support levels for confirmation before deciding to enter. In terms of operations, look to follow the trend and anticipate a pullback, with a rebound opportunity.

Operation Suggestions

Bitcoin: 89000-90000, target 91000-93000

Two cakes: 2900-2980, target 3050-3200

(Personal opinions are for reference only, everything is subject to the actual trading!) $BTC $ETH