December 11 Market Overview

Bitcoin tried multiple times to test the support below and did not break through, indicating that strong support still exists. Today, a buying strategy can be considered.
Looking at the four-hour chart, we see that after the price rose, it fell back down, with long shadow lines appearing from the top and bottom, and small internal black candle clusters. What does this mean? Some are selling from the top, while others are buying from the bottom, which indicates a market cleanup at higher levels. Candles always stay above the middle Bollinger line, and the bullish condition has not been broken. From the rapid rise to the current consolidation phase, the trend remains bullish.
When examining the details on the hourly chart, the situation becomes clearer. Small black and white candles continuously alternate, and each correction low gradually rises, forming a classic bullish pattern. The demand to buy is very strong, and as long as long shadow lines appear at the bottom, buying proceeds quickly. Although a candle with a long upper shadow temporarily paused the market, it did not change the overall trend. The price still maintains the middle Bollinger level, and the general range remains in a strong correction mode.
Trading Tips: Buy orders can be placed near 91500 and 89800, with targets at 93800 and 94500.