📊 Recent Core Market Dynamics and Logic

The following summarizes several aspects of the current market that are attracting the most attention:

1. Key Prices and Current Status

· Current Overview: Bitcoin has recently been fluctuating in a narrow range around $90,000, which is viewed as a 'key support level', with the market direction unclear.

· Recent Resistance Level: The short-term key resistance level is around $92,500.

· Important Support Levels: If there is a decline, attention should be paid to the support at $85,692 (recent low) and $79,000 (annual low).

2. Core Logic Affecting the Market

· Macroeconomic Pressures: Market sentiment is affected by the uncertainty of Federal Reserve policies and macroeconomic fragility, with an increased correlation between Bitcoin and traditional risk assets.

· Liquidity Tightness: Market liquidity has decreased in the fourth quarter, coupled with high leverage, making it easy to trigger significant volatility and cascading liquidations.

· Technical Structure Bearish: Some analyses indicate that Bitcoin's price has fallen below several key moving averages, and the market structure may have entered a bearish phase.

3. Bullish and Bearish Perspectives and Future Predictions

· Bearish Perspective: It is believed that the current rebound is weak and is a correction in a larger bear market, predicting a deep adjustment possibly down to $50,000.

· Bullish/Neutral Perspective: It is believed that below $90,000 presents a long-term opportunity, but the market needs to wait for new catalysts, and may remain neutrally fluctuating before the end of the year. #加密市场反弹