BTC Trend Analysis:

As of the morning of December 4th, Bitcoin has successfully surpassed the $93,000 mark, reaching a high of $94,127, with a 24-hour increase of 3.00%.

From a technical standpoint, Bitcoin has successfully reversed its short-term decline, breaking through the $93,000-$94,000 area with significant volume. This area represents a strong resistance zone from the previous decline and is also the key pressure band where the 20-day moving average lies. A successful breakthrough indicates that the bearish defense line has been breached.

The daily RSI has strongly pulled up from the oversold zone, entering the strong zone, indicating robust buying momentum.

Support is at $93,000, while resistance is at $95,500-$96,000 and $98,000.

BTCUSDT

Perp

89,592.4

-2.99%