Tuesday, December 30 Bitcoin Morning Analysis

On the morning of December 30, Bitcoin's price was fluctuating above 87,000. Previously, the price surged to 90,400 before pulling back, with the intraday low touching 86,800, showing a typical bottoming-out and rebound pattern. From a volume perspective, market trading activity remained high, and during the price decline, selling pressure did not continue to intensify, reflecting that the bullish forces are still actively supporting. After a short-term pullback and stabilization, the downward momentum gradually weakened, providing a fundamental basis for the bulls' layout.

Technically, from the 4-hour chart, the price briefly dipped below the lower Bollinger Band and then quickly rebounded, with the lower Bollinger Band forming effective support; after the pullback, the price returned within the Bollinger Band range. Additionally, after breaking through the previous high resistance at 90,400, the pullback did not break below key support levels, indicating a typical breakout and retest confirmation pattern. The technical setup now signals a good opportunity to position for a bullish trend.

Based on the above analysis, Tuesday morning's suggestion is to establish long positions on Bitcoin in the 86,500-87,000 range, with targets around 89,000.