12.12 BTC Midday Forecast and Analysis

The intraday trend shows a pattern of "rising to a peak - oscillating and pulling back - testing the bottom and rebounding - narrow-range consolidation." The price surged early to 93,547.3 to form a temporary high, then continued to decline, followed by a dip near 91,500 which supported a rebound. Currently, it is oscillating around 92,200, generally representing a "correction after a high-level peak." The bullish momentum is weakening, and a trend-driven bearish pressure has not yet formed. The bulls and bears are in short-term equilibrium. After reaching 93,547.3, the candlestick closed consecutively with downward movement. Although there was a rebound during the decline, the body of the candles gradually narrowed, indicating heavy selling pressure above. After testing the bottom at 91,500, a series of bullish candles appeared, only reflecting short-term capital support. There is no sign of volume breakout of the previous resistance, so the overall consolidation trend remains unchanged.

1. 92,500-93,000: A secondary resistance zone during the rebound, where the price repeatedly encountered resistance and pulled back, indicating short-term strong selling pressure;
2. 93,500-93,600: The range around the intraday high of 93,547.3 USD, representing the recent peak of the bulls' efforts. Selling pressure is most concentrated here, and a breakout requires volume confirmation;
3. 92,000-92,100: The current consolidation support zone, where a brief buying support was observed during the intraday decline, indicating weak support;
4. 91,500-91,800: The lowest zone during the decline today, serving as the core support area for early trading funds, with support strength higher than the 92,000 range.

Trading Suggestions:
Focus on high sell and low buy in a ranging market. Do not hold heavy positions before the trend is clear. Follow the trend after a breakout.

When the price rebounds to the 92,500-93,000 zone and encounters resistance candles, open short positions with a stop loss at 93,200, targeting 92,000-91,600;
If the price rebounds to 93,300-93,500 without volume breakout, add to short positions with a stop loss at 93,800, targeting 92,200-92,000.

If the price declines to the 91,600-91,800 zone and a reversal candlestick appears, try long positions with a small size, stop loss at 91,300, and target 92,200-92,500. Exit immediately upon resistance;
If the price drops below 92,000 and quickly rebounds above this zone, add small long positions at 92,000-92,100, with a stop loss at 91,700, targeting 92,400-92,700.