1. Short-term rebound: $BTC Bitcoin moved back above the $90K area during the Thanksgiving week rebound, prompting some strategists to call for a retest of $100K if momentum continues.

2. Weak November but seasonal notes: November was a weak month (one of the worst months recently), leaving BTC well below October’s all-time high (~$126K). Historically, December has shown a decent average seasonal lift — but past performance isn’t a guarantee.

3. Signs of short-term exhaustion/capitulation: On-chain/market indicators (short-term holder SOPR and related metrics) flashed capitulation-type signals around the $80–90K band — often seen at local bottoms. Analysts are watching $88K as a key short-term support threshold.

Technical levels to watch (very short-term):

Support: $88K (critical short-term support/consolidation area).

Near-term resistance / headline level: $100K (psychological/technical). If taken, it opens faster upside; failure could mean another pullback toward $80–85K.

Market structure & risk:

BTC’s moves remain correlated with equities lately — macro (Fed rate path, risk-on vs risk-off) matters.

Liquidity and institutional flows can quickly amplify moves; position sizing and stop-loss discipline are important.

Quick trade idea (illustrative, not financial advice):

Momentum play: small target long if price closes and holds above $92–93K with a tight stop below $88K; target $100K–110K.

Range play: sell rallies into $100K if momentum fades; stop above 112–115K.

(Remember: volatility is high — only risk what you can afford to lose.)

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