As of December 3rd, looking at this 15-minute chart, $BTC feels like it's catching its breath:
A wave of sharp gains in the morning has already finished, and the price is now consolidating around 92.3k. The Bollinger Bands are starting to converge, and the short-term is entering a sideways digestion. The RSI is around 44, and the MACD is dipping below the zero line, indicating that bullish momentum is cooling down, and the buyers are struggling to keep up.
According to the latest analysis summary of #CryptoNews on #coinbase , BTC is still in a "downtrend pressure zone". Continuous net outflows from ETFs, loosening whale positions, and shrinking corporate treasuries all lower the probability of a short-term reversal. On-chain data also shows that pressure remains; if it continues to dip, it may trigger more capitulation-style sell-offs. Overall, the market seems more like it's waiting for a trend re-confirmation rather than having entered a safe rebound zone.
