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12.12BTC Yesterday's trading during the Asian session was relatively quiet due to market liquidity issues. In the late U.S. session, the price experienced a surge driven by significant capital movements from major players! Currently, the daily chart shows a bullish candlestick with a long lower shadow, combined with technical indicators indicating a bullish pattern of two bearish candles sandwiching a bullish candle. Earlier this morning, there was an influx of major capital pushing the price higher, followed by a quick turnover. Overall, the current pattern remains bullish, as I emphasized multiple times in recent days! The intraday resistance is at 93,500. Yesterday, I also mentioned that it depends on when the major funds will exit; once they do, the price is likely to pull back further. In the short term, focus on the support levels at 91,400-91,200, which are the entry points for major capital. If the price can stabilize above 93,500-94,000 and with continued support from major players, there could be further upward movement! The trading strategy is mainly to buy on dips, with selling as a supplementary approach!
Trading suggestions: During the European session, consider buying at 92,200 with a stop loss of 300 points, aiming for 93,500.
If the price cannot hold above 93,500, consider shorting with a stop loss of 300 points, targeting 92,200.
Further updates will be provided in real-time.