December 10 BTC
Cycle Breakdown
Weekly Level
The overall structure remains robust, currently in a rebound phase after hitting support. Continuous attention is needed on the fundamentals, especially focusing on the numbers announced tonight at #利率决定 and #美联储主席鲍威尔讲话 . It is expected to mainly consolidate within the day, waiting for guidance from macro events.
Daily Level
The price has completed a triangular consolidation pattern and has achieved a key breakthrough of the downtrend line. In terms of technical indicators, both MACD and RSI maintain a golden cross state, indicating that bullish momentum remains, and there is still room for movement above. #美联储降息预期升温
4-Hour Level
The larger structure is within a fluctuating upward channel, and in the short term, it has broken through a local downtrend channel, forming a bullish ascending flag. Currently, attention should be closely paid to the resistance of the triple bottom neckline near $94,000. If it can effectively break through and stabilize, it is expected to open up upward space, targeting first at $98,800, and if it breaks strongly, looking towards the 0.618 zone of $104,000–$106,000. It is recommended to focus on positioning long positions after a pullback during the day. #加密市场反弹
Key Positions
Upper Resistance: $94,000 – $95,000
Lower Support: $90,700 – $89,700
