Since BTC fell from the peak of 108K, it has been operating within a descending channel.

Currently, the upper boundary of the channel is pressed at 95,000, and the lower boundary is around 85,000.

The price is currently stuck right at the middle of the channel + the upper boundary of the symmetrical triangle near 92,800, a typical "last-minute" position.

Three indicators tell you that the bulls are brewing a big move.

Trading volume: Over the weekend, it rebounded from 88K, with a 24-hour trading volume surge of 42%. After a period of increasing volume with stagnant price, a classic bottom signal emerged.

MACD 4H: The fast line has crossed above the slow line, confirming a golden cross; the bars have turned from red to green → back to red, confirming momentum reversal.

RSI: Jumped directly from the oversold zone of 35 to 52. Although there is slight bearish divergence, it has not broken 60. The divergence is not fatal and instead shows characteristics of a washout.

Key level 93,000 is the line of life and death; if it stabilizes, we directly look at 95K-97K.

The current strongest resistance level is 92,800, which must be overcome with increased volume in the near term.

The ultimate bullish defense line is 88,000. Holding this level will stabilize the subsequent trend.

Federal Reserve on December 9-10: There is an 87% probability in the market of another 25bp cut. As long as Powell is not "hawkish to the extreme", it will be a direct infusion of liquidity, with BTC historically averaging a 7-day increase of +12% during the same period.

Bank of Japan on December 19: There is a high probability of a 25bp increase to 0.75%, which will trigger short-term liquidations of yen arbitrage positions. 88K is likely to be washed out once more, but after the wash, it will be cleaner, essentially squeezing the pus for the bull market of 2026 in advance.