Market dynamics and current situation on December 9, 2025:

Since yesterday, BTC has broken through $92,000, then faced a sell-off and quickly fell back, once dropping below the $90,000 mark. It hovered around $90,500 at noon. In the past 24 hours, over 96,000 traders have been liquidated, with a total liquidation amount exceeding $280 million; there has been continuous capital outflow from Bitcoin ETFs in the U.S., and the trading volume on exchanges has turned negative. Many investors are taking a wait-and-see attitude, and market sentiment is weak.

On the daily chart, the Bollinger Bands are in a contracted state, with the upper band at $94,050 and the lower band being the key boundary of the range. The EMA30 trend line at $93,300 acts as resistance, while the 20-day moving average at $89,300 provides support. The 4-hour chart shows a significant sideways pattern, with the EMA trend indicator contracting. The upper band is at $91,640 and the lower band at $88,400 forms a volatility range. The MACD shows insufficient volume, and the short-term trend is unclear, requiring a breakout signal. If the Federal Reserve releases dovish signals, BTC is expected to challenge the resistance range of $93,000 - $95,000, and if broken, it could look towards $99,000 - $100,000; if a hawkish stance is indicated, prices may test the support band of $85,000 - $88,000, and falling below $80,000 could lead to further declines to $60,000. Most opinions suggest a short-term wait-and-see approach before entering the market after support or resistance levels are broken. #比特币VS代币化黄金 #BTC走势分析 $BTC 15