BTC Market Analysis 12/16

In the current market, liquidity is weakening, and the effectiveness of technical indicators is also decreasing. Every day, we only wait for the few candlesticks after the U.S. stock market opens, and the rest is just wasted time.

【4-Hour Level】

After yesterday's drop, we have finally reached a bullish OB on the 4-hour chart. This is a low point from two previous tests, providing an opportunity for support to trigger a rebound.

The key support level is at 83700.

1) If it doesn't break here, there may be a rebound, with resistance at 89000.

2) If 83700 is broken, long positions need to stop loss, and there will be temporarily no long position opportunities.