12.10 Intraday Analysis
Reviewing last night, Bitcoin completed the full fluctuation of "90000 line impulse rise → spike to 94600 area → pressure drop back."
From the hourly Bollinger Bands, the current "bag opening converging" shows a typical narrowing pattern, corresponding to the rapid contraction of market volatility after last night's spike, with the long and short sides entering a temporary balance accumulation stage.
The price has gradually retreated from the upper track pressure area to near the middle track, accompanied by the upper track turning downwards—this confirms that the bullish impulse momentum near 94600 has significantly diminished, and short-term upward pressure is beginning to emerge; while the upward divergence slope maintained by the lower track and middle track is more of a continuation of the previous upward trend's inertia, rather than an active drive of new bullish momentum.
Bitcoin at 93200, short at 94000, look at 91700-91000
Alternate Bitcoin at 3360, short at 3420, look at 3270-3220
