☕️ SpaceX and #BlackRock⁩ exchanged approximately 296 million USD worth of BTC to Coinbase Prime! 🙀🙀 - Source: Lookonchain X account - Happened on the eve of the Federal Reserve's interest rate cut. The market is currently a bit tense, uncertain if this is a reallocation or preparation for cashing out? 🤔

Let’s summarize the trend as of December 11, $BTC UTC 23:07, one hour before the close👇🏼👇🏼

📈 BTC daily line stopped falling near the lower Bollinger Band and is currently at 92,568 USD, re-establishing above the EMA from July 25, but overall it is slightly bullish in the short term. The hourly chart shows a V-shaped rally, with the price slightly above the upper Bollinger Band, RSI around 65, and MACD golden cross expanding. Exchange -5,671 BTC net outflow with continuous net inflow from spot ETFs, overall being slowly driven up by spot.

👀 Short-term focus: On the upside, first look at the resistance around the daily upper Bollinger Band at 94.6K. On the downside, pay attention to the overlapping of multiple moving averages between 91K–91.5K on the hourly level.

Note: The above is a sharing of public data and personal analysis, and does not constitute any investment advice.