#شارك_أفكارك_حول_BTC #BinanceHODLerAT #BinanceHODLerAT $BTC • Price action: Bitcoin is testing the critical support level of $90,000, and has recently dropped to around $89,000.
• Technical indicators: Short-term momentum appears bearish with the price trading below the major moving averages, although the Relative Strength Index (RSI) has fallen to 33 indicating that the market is approaching oversold territory.
• Catalysts: Increasing institutional interest is evident, as new exchange-traded fund (ETF) flows and aggressive accumulation by large holders (Whales) indicate strong underlying demand.
• Market Sentiment: The Fear and Greed Index indicates "Extreme Fear," which could be a contrary signal for a market bottom.
Market Overview
• Price and Volume: Bitcoin is currently trading at around 88,910 dollars, down 2.1% over the past 24 hours. The trading volume over the last 24 hours is 37.6 billion dollars, with a total market capitalization hovering around 1.81 trillion dollars.
• Key Level: The 90,000 dollar level has become a pivotal battleground. Although the price temporarily dipped below this level, significant buying pressure has been observed around it, indicating strong demand.
• Institutional Flows: After a period of outflows, Bitcoin-backed exchange-traded funds in the US have seen a resurgence, recording net inflows of 71.4 million dollars on November 28, 2025. Since their launch, these funds have recorded net inflows of 57.7 billion dollars.
Fundamental Factors Affecting
• Institutional Adoption: Confidence from institutional players continues to grow. It is likely that Robinhood is considering adding Bitcoin to its company treasury, as suggested by Nasdaq's proposal to increase position limits on BlackRock's Bitcoin IBIT fund, which is nearing flows of 100 billion dollars.
• Accumulation by Large Holders: Data on the blockchain shows that large Bitcoin holders ("whales") have resumed aggressive accumulation, marking their strongest buying trend in months. Historically, these activities have preceded price increases during periods of market fear.
• Macroeconomic Outlook: The market is awaiting the US Federal Reserve meeting on December 9-10, where a 87% probability of another interest rate cut is priced in. A rate cut is likely to increase liquidity and be favorable for risk-bearing assets like Bitcoin.
Technical Analysis and Trading Strategy
• Support and Resistance: The immediate and critical support zone lies between 88,000 and 90,000 dollars. Should it fail to stay above this range, the market may see further decline towards the next key support area between 80,000 and 83,000 dollars. The main resistance is at 93,000 dollars, with a more significant barrier at 100,000 dollars.
• Technical Indicators: The Relative Strength Index (RSI) on the hourly time frame is at 33.4, nearing oversold conditions (<30), which may indicate a potential short-term rebound. However, the MACD indicator shows continued momentum.
.Strategy: Given the bearish signals on the medium term accompanied by strong support levels and oversold indicators, traders should be cautious. A rebound from the 88K-90K support may present a buying opportunity in the short term with a target of 93K-95K. However, a clear breakout below the 88,000 dollar level would signal a continuation of the downtrend.
