Bitcoin Latest Situation + Support and Resistance Levels Sharing!!! #BTC $BTC
Bitcoin Latest Situation + Support and Resistance Levels Sharing!!! #BTC $BTC
🎄 Christmas Eve Market Analysis: Shrinking Volume Recovery, Battle for the 88,000 Level
Latest Situation: Weak Recovery: Compared to the afternoon low of 87,300, BTC experienced a slight rebound after the US stock market opened, currently rising to around 87,800. However, overall, the rebound strength is weak, and trading volume is shrinking as the holiday approaches.
Key Position: The current price is just below the strong resistance zone of 88,000 - 88,200 (the previously broken support has turned into resistance).
Current Qualitative Assessment: It belongs to a 'volume shrinkage rebound in a downtrend continuation'.