Bitcoin market analysis: Can BTC break the $12,000 mark?

Currency holders [BTC/USDT Market Review] The price of Bitcoin rose steadily yesterday morning, reaching an intraday high of 11,828, and then the overall currency price fluctuated at a high level around 11,700. A positive line was charged on the daily chart yesterday. Currency prices continue to fluctuate.

Currency holders [BTC/USDT market analysis] At present, the bitcoin market has undergone a wave of strong rise at 8:00 in the morning, the highest hit the 11980 line, and the fluctuation reached 200 points. Currency holders have already written that the current currency price is in a medium-to-high risk zone, with little room for upside, but a lot of room for downside.In the 4-hour chart, after yesterday’s high volatility, today with a wave of rise at 8 o’clock today, the currency price directly pierced the upper track, under pressure at the 12,000 mark, and currently falls back to the line near the upper track. If the price stabilizes above the 11900 mark within a day, it means that the bulls are still relatively strong, and vice versa.

Currency holders [BTC/USDT operating suggestions] 1. You can enter the market with short orders around 12000-12100, target 11650-11600, and stop loss above 12100.