December 8 BTC Market Analysis$$$$
1. Market Analysis
1. Daily Level Analysis
Trend Pattern: Typical triangular convergence pattern.
Key Resistance Level: 94,000 USD, constitutes strong pressure.
Key Support Level: 86,000 USD, serves as support for the upward trend line.
2. 4-Hour Level Analysis
Last night tested 87,750 USD (corresponding to 83,700-94,100 range 61.8% Fibonacci retracement level) before rebounding.
Rebound high point of 91,700 USD encountered resistance, then fell back to around 90,000 USD for consolidation.
3. Hourly Level Analysis
Currently in a strong consolidation range of 89,500-91,700 USD.
There is a high probability of testing 91,700 USD again; if it breaks through, it may further challenge 94,000 USD.
If it falls below 89,500 USD, the market will weaken.
2. Comprehensive Judgment
BTC is still in a large cycle of oscillation, with no clear direction.
In the short cycle, the price is relatively strong above 89,500 USD, and can be treated as oscillating in the range of 89,500-91,700 USD until a clear breakout signal appears. #BTC $BTC #ETH $ETH
1. Market Analysis
1. Daily Level Analysis
Trend Pattern: Typical triangular convergence pattern.
Key Resistance Level: 94,000 USD, constitutes strong pressure.
Key Support Level: 86,000 USD, serves as support for the upward trend line.
2. 4-Hour Level Analysis
Last night tested 87,750 USD (corresponding to 83,700-94,100 range 61.8% Fibonacci retracement level) before rebounding.
Rebound high point of 91,700 USD encountered resistance, then fell back to around 90,000 USD for consolidation.
3. Hourly Level Analysis
Currently in a strong consolidation range of 89,500-91,700 USD.
There is a high probability of testing 91,700 USD again; if it breaks through, it may further challenge 94,000 USD.
If it falls below 89,500 USD, the market will weaken.
2. Comprehensive Judgment
BTC is still in a large cycle of oscillation, with no clear direction.
In the short cycle, the price is relatively strong above 89,500 USD, and can be treated as oscillating in the range of 89,500-91,700 USD until a clear breakout signal appears. #BTC $BTC #ETH $ETH