#数字货币市场洞察 $BTC Today's market is quite interesting—it briefly surged above $94,000, with an intraday gain of over 2%, but the four-hour chart is already flashing warning signs.
Let's look at the hard data: the daily high for BTC reached $93,930, and the low retested $90,950. Spot ETF funds are still flowing in, and whale addresses are quietly increasing their holdings, so the bottom support is actually pretty solid. The issue is on the technical side—the four-hour chart is extremely overbought, and the TD Sequential 9 signal has appeared, so a short-term technical pullback is basically inevitable.
Keep an eye on a few key levels: the $90,000-$91,000 range below is a strong support zone that must hold; looking upward, today's $94,000 mark is critical—if it really breaks through, the next stop is straight to $96,500. But there are plenty of obstacles above—$94,200 Fibonacci retracement, $94,500 EMA30, and $96,450 upper Bollinger band are all tough resistance points. On the indicator side, MACD volume is expanding, and KDJ just completed a bullish crossover, so the overall trend still favors the bulls, but beware of short-term pullbacks.
On the macro side, there's a key variable: over the past month, Bitcoin has shown a clear negative correlation with the US Dollar Index—when the dollar strengthens, BTC struggles. The market is still holding out for a Fed rate cut, and the outcome of the December 11 FOMC meeting could directly set the tone for the subsequent trend. If a rate cut actually happens, risk assets could benefit significantly from this round.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
RektDetective
· 12-05 12:14
94,000 has become an obstacle again. I’ve said before that this level is hard to break unless the Fed actually cuts interest rates. Otherwise, if you keep buying the dip in the short term, you’ll just end up getting stuck.
View OriginalReply0
WhaleSurfer
· 12-05 07:07
The 94,000 mark is really a barrier; big players are accumulating chips. If the Federal Reserve really cuts interest rates, it'll take off.
View OriginalReply0
TokenSleuth
· 12-04 04:47
94,000 got pushed down again, sigh... In the short term, the technicals have indeed collapsed, but I still see this as a good opportunity to pick up chips on the dip. As long as 90,000 holds, there's no need to panic.
View OriginalReply0
GasFeeTherapist
· 12-04 04:44
Can the 94,000 hurdle really not be stopped? It feels like it's been stuck here, fluctuating back and forth, and it's getting a bit annoying.
View OriginalReply0
DancingCandles
· 12-04 04:31
94,000 comes back again, it feels like it always gets stuck here.
View OriginalReply0
TrustMeBro
· 12-04 04:27
94000 is stirring things up again. Feels like there will still be a pullback; it has the feel of a short-term fake wave.
#数字货币市场洞察 $BTC Today's market is quite interesting—it briefly surged above $94,000, with an intraday gain of over 2%, but the four-hour chart is already flashing warning signs.
Let's look at the hard data: the daily high for BTC reached $93,930, and the low retested $90,950. Spot ETF funds are still flowing in, and whale addresses are quietly increasing their holdings, so the bottom support is actually pretty solid. The issue is on the technical side—the four-hour chart is extremely overbought, and the TD Sequential 9 signal has appeared, so a short-term technical pullback is basically inevitable.
Keep an eye on a few key levels: the $90,000-$91,000 range below is a strong support zone that must hold; looking upward, today's $94,000 mark is critical—if it really breaks through, the next stop is straight to $96,500. But there are plenty of obstacles above—$94,200 Fibonacci retracement, $94,500 EMA30, and $96,450 upper Bollinger band are all tough resistance points. On the indicator side, MACD volume is expanding, and KDJ just completed a bullish crossover, so the overall trend still favors the bulls, but beware of short-term pullbacks.
On the macro side, there's a key variable: over the past month, Bitcoin has shown a clear negative correlation with the US Dollar Index—when the dollar strengthens, BTC struggles. The market is still holding out for a Fed rate cut, and the outcome of the December 11 FOMC meeting could directly set the tone for the subsequent trend. If a rate cut actually happens, risk assets could benefit significantly from this round.
$BTC