📊 BTC 4H Technical Analysis – December Outlook
Current Price: ~ $89,360
Market Structure: Short-term bearish correction within a larger ranging structure.
After rejecting the $94,000 – $94,500 supply zone, Bitcoin formed a clear Change of Character (CHOCH) followed by a Break of Structure (BOS) to the downside. This confirms a short-term bearish bias.
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🔑 Key Levels to Watch
✅ Major Support (Demand Zone):
$85,000 – $84,000
Strong previous demand
High probability of a technical bounce
Potential reaction toward $88,000 – $90,000
❌ Major Resistance (Supply Zone):
$93,500 – $94,500
Strong rejection zone
Previous equilibrium
Any move below this zone remains a corrective rally, not a trend reversal
⚖️ Current Decision Zone:
$89,000 – $90,000
Price is consolidating here
A break below could accelerate the drop toward $85k
Holding above may trigger a short-term relief bounce
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📉 Bearish Scenario:
Failure to hold $89k
Clean breakdown → $85k liquidity sweep
If $85k fails → Next major demand around $81k – $80k
📈 Bullish Scenario:
Strong reaction from $85k demand
Reclaim above $90,500
Target resistance at $93.5k – $94.5k
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✅ Summary:
Short-term bias: Bearish / corrective
Key support: $85k
Key resistance: $94k
Market is in a high-volatility decision phase
