Morning analysis on December 22

Bitcoin is consolidating and gaining strength around the $87,800 range during the late-night hours. In the morning, market energy was released, and the price tested upwards to the $89,600 region before encountering resistance. It is currently entering a technical correction phase.

From the perspective of the market structure, it shows an overall trend of oscillating upwards within the range.

On the daily chart, bullish volume continues to be released, with three consecutive bullish candles pushing the price upward step by step;
· Although the four-hour level shows a reduction in volume with a bullish candle, the KDJ indicator has formed a golden cross at a low level and is extending upwards, indicating that the downward momentum is gradually recovering;
· A strong bullish candlestick with increased volume has appeared on the hourly chart, the price has broken through the middle band of the Bollinger Bands and stabilized, showing a bullish signal in the short-term trend.

The current market is still in a bullish trend. It is recommended to maintain the strategy of accumulating long positions on dips, with a focus on opportunities that arise in the support areas during the pullback process.
Operation Suggestions
Pull back to around 88500-87800 to buy, target upwards looking at 89700-90500, and if it breaks through, continue looking at 91300.
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