12.23 Evening BTC Analysis:
Currently, the Bitcoin has shown a long upper shadow on the 4-hour chart. After rapidly falling from the high of 90588 at 8 PM last night, it indicates strong selling pressure in the 88000-90000 range. The daily chart shows three consecutive days of bearish candles with lower lows (87600 on December 21 to 87051 on December 23), and indeed a short-term downward trend has formed.
However, from a human perspective, this is merely a trick by the market makers. If it were a real drop, when it reached 90k yesterday, it should have fallen significantly during the day today, rather than waiting until now to not drop. OK, since it can't pull back, it still needs to go up. Brothers, leave some space for negotiation. The front is light and the back is heavy; it’s time to get real.
The market price for Bitcoin is around 87700-87200 for more buys. Additional purchases: to be determined in the comments.
First tier looks at 88900-88400.
Second tier looks at 90300-89800. Framework position: 91700.
