12.5 Intraday Analysis

In the early hours today, Bitcoin faced selling pressure and declined, with the price breaking below the 91,000 level before rebounding quickly. However, the selling pressure above has not been released and the rebound is weak. Multiple attempts to break through the 94,000 resistance level were met with pullbacks, triggering a correction. The daily chart closed bearish, continuing the weak consolidation pattern.

Intraday, the core support focuses on 90,000-90,600, with strong resistance locked at the key 94,000 level. Technically, the daily chart shows increased volume but has not broken the zero axis suppression. The 4-hour chart shows volume contraction and cautious trading in the market. Bitcoin is in a stage of consolidation and pullback, with no clear short-term trend.

Operationally, it is recommended to adopt a "sell high, buy low" strategy around key ranges, strictly control position sizes, and take light positions for both long and short trades.
Trading suggestion: Consider short positions near 92,900-93,500, targeting 91,900-91,000.

Currently, ETH can be attempted for shorts near 3,200-3,230, targeting 3,110-3,050.