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12-21 midday analysis $BTC
Happy weekend, friends! Yesterday, Bitcoin moved out of the consolidation pattern as expected, and the price has shown a narrow range oscillation as I analyzed. In the evening, it tested the 87700 line and then oscillated upward. Today, in the short term, the price dropped from 88400 to 87800 without a significant increase or decrease, and it is highly likely to maintain the oscillation pattern today.
Currently, the market is showing that the coin price is consolidating around 88400, unable to break through the previous high point. The upward channel is blocked, and the bullish momentum is insufficient. The market's weak pattern remains unchanged. If the coin price can break through the 89000 level, there is a possibility of an upward movement; however, in the short term, a bearish outlook is advisable.
Operation advice: Short near 88300-88500 Target near 87000-86000 #2025Gate年度账单 #美联储降息预测