Morning of December 9

From the 1-hour candlestick chart and technical indicators of BTC, the short-term trend is showing a tendency for range-bound correction, with no clear unidirectional movement. Previously, the price surged to a stage high of 92262.6 before quickly retracing, and then formed a narrow range of consolidation around 90000. The candlesticks show a combination of a surge and pullback followed by a base-building pattern at the lows, with a clear battle between bulls and bears in the 90000-91500 range. During the pullback, there were long bearish candlesticks, followed by mainly doji and small-bodied candlesticks, indicating that the downward momentum is waning and the market has entered a short-term consolidation phase. Currently, the price is below the middle band of the Bollinger Bands at 90995, with the upper band at 92425 as resistance and the lower band at 89566 as support. In the short term, the price is moving between the middle and lower bands, indicating a range-bound pattern.

The KDJ indicator has rebounded from oversold territory and is now in a neutral zone, not yet overbought, suggesting a possible continued upward correction. However, the J line does not show a clear upward curve, so the upward momentum is limited. The MACD histogram is showing green bars and negative values, indicating that the bears still have a slight short-term advantage, but the green bars are not expanding, which means the bearish momentum is gradually weakening.

In the short term, if the price holds above the middle band of the Bollinger Bands, there is a high probability of a rebound toward the 91500-92000 area; if it loses the 90000 support, it may test the 89500 area.

It is recommended to consider light positions near the 91602--92530 area, targeting the 90020--89235 area.

The above is for personal reference only. Please base your specific actions on the Haoyu Shipan strategy.

$BTC ‌#btc