Yesterday, Bitcoin dropped from 90,000 to around 83,800 and has started to rebound, currently contending around 86,000. From a daily chart perspective, Bitcoin remains in a bear-dominated state, with prices consistently operating below the moving averages, clearly under pressure. The Bollinger Bands show a downward opening pattern, indicating strong trend continuation and no substantial change in the bearish structure. The recent market rebound has reached the previously dense resistance area, with significant pressure from the upper resistance level, failing to form an effective breakthrough, and the trading volume has simultaneously shrunk, leading to a complete exhaustion of rebound momentum, requiring caution against further declines. Operation suggestion: rebound to around 87300-88000, with the target looking down at 85900-84500. Currently, the secondary market has rebounded to around 2835-2875 🉑 open the position, with a target down to 2730-2630.
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Analysis of Day Thoughts on December 2
Yesterday, Bitcoin dropped from 90,000 to around 83,800 and has started to rebound, currently contending around 86,000. From a daily chart perspective, Bitcoin remains in a bear-dominated state, with prices consistently operating below the moving averages, clearly under pressure. The Bollinger Bands show a downward opening pattern, indicating strong trend continuation and no substantial change in the bearish structure. The recent market rebound has reached the previously dense resistance area, with significant pressure from the upper resistance level, failing to form an effective breakthrough, and the trading volume has simultaneously shrunk, leading to a complete exhaustion of rebound momentum, requiring caution against further declines.
Operation suggestion: rebound to around 87300-88000, with the target looking down at 85900-84500.
Currently, the secondary market has rebounded to around 2835-2875 🉑 open the position, with a target down to 2730-2630.