12.9 Evening Analysis of BTC Trends by Yang Yi:
The 4-hour chart of Bitcoin looks like it's slowly narrowing, with the Bollinger Bands being both tight and flat, showing little volatility. Everyone is now waiting for the Federal Reserve's interest rate decision in December, and the earlier hopes for a rate cut have already been reflected in the market, leaving the bulls with little strength to push higher. It is very difficult to break through the upper limit of the fluctuation range in the short term.
The upper resistance of this fluctuation range is approximately between 92000-92500, with the target still looking down at 89500 and 88000.
