December 21st Market Alert! Bitcoin's rebound hits a critical level, is there a bearish opportunity?
After yesterday's violent pullback from $84,450 to $88,000 in a 'bearish exhaustion' market, $BTC has halted in front of the critical technical resistance level, with the bulls and bears once again caught in a standoff in the quiet of the deep night.
On December 21st at 00:02 Beijing time, the Bitcoin price fluctuated around $88,193, with a slight increase of 0.31% over the past 24 hours. Under the seemingly calm surface, a choice of direction is brewing: will it break upwards and start a new round of rebound, or will it be blocked and fall back, confirming a downward continuation?
01 Technical Analysis: The critical 'stress test' is underway