December 3rd UTC 11:25 $BTC is consolidating near 93k at a high position, with the 1-hour line close to the upper Bollinger Band. EMA7/25 has already turned upwards, and short-term bulls are still in control.

But the RSI has already reached above 65, and the MACD bars are starting to shorten, indicating that momentum is cooling down. If 92k is lost, it could easily retrace to 91k.

👀 Bulls are watching: as long as the retracement does not break below 91k/EMA25, this rebound still has a chance to push up to 94k-95k. Bears are looking at the pressure wall of 92–94k, to see if it can break through.

☕ Recent news: Strategy (previously #MicroStrategy ) announced the establishment of a $1.44 billion USD reserve, intending to use traditional fiat currencies to secure debts and dividends — even while continuing to hold a heavy position in Bitcoin, are they leaving a buffer for extreme market conditions?

🤔 What do you all think?