Bitcoin price update on December 11th

This article was written at 15:06. Yesterday, we mentioned that Bitcoin would have a short-term pullback opportunity, with a pullback range of 91400-90500. News also had some impact on the market. After this pullback broke below 90,000, it is currently trading around 90200. Looking at the daily chart, the upward channel has not been broken, and the 4-hour chart has not shown a breakdown either. Although the decline was rapid, it is a normal pullback. As mentioned before, pullbacks are buying opportunities. Those who entered long positions around 90500 should continue to hold, as should long positions. Those who are currently out of the market can enter long positions directly around the current price of 90200, with a recommended stop loss at 88000. The initial target is 94000, and if it breaks through, hold and target 98000. Manage your entry opportunities yourself. Click on the profile picture above to open my homepage and discuss market trends together. Short-term trading, control risk, and manage your own profits and losses.