December 25 Bitcoin Analysis and Trading Suggestions

Bitcoin is at a critical technical decision point, hovering below key resistance levels. The current market focus is on the resistance range of 93,000-94,000.

If the price can achieve an effective breakthrough on a daily or weekly level and hold, it may open up upward space toward $100,000.

Conversely, if it encounters resistance again and falls back, the price may retest the 90,000 support level, or even dip into the 88,000-89,000 range.

Xing Ge believes that Bitcoin's failure to turn the annual opening price (around 93,500) into support indicates that "bearish arguments remain strong." The price still needs to overcome multiple resistances such as the 50-week EMA to reverse the short-term bearish structure.

December 5

$BTC : 93,000-93,500 range, target 92,300-89,400 Stop loss 94,100

The above views are for reference only and do not constitute investment advice. Investors operate at their own risk!